The Chinese mainland’s business community is voicing strong opposition to the United States' recent \"America First Investment Policy,\" arguing that the U.S. is overextending the notion of national security to impede bilateral economic and trade exchanges.
A spokesperson for the China Council for the Promotion of International Trade (CCPIT) addressed concerns regarding the policy memorandum signed by U.S. President Donald Trump. The policy aims to restrict Chinese investment in critical sectors such as technology, healthcare, agriculture, and energy through heightened security reviews and economic sanctions.
According to the CCPIT spokesperson, these measures not only limit investment types and funding sources but also escalate controls over industries, posing significant challenges to normal business operations. Such restrictions, they warned, could undermine the international economic and trade order and disrupt the stability of global supply and industrial chains.
The spokesperson called on the U.S. to adhere to market economy principles and fair competition, clearly defining the scope of national security in economic and trade domains. Lifting these investment restrictions between the Chinese mainland and the United States, they argued, is essential for fostering a mutually beneficial environment for both nations' business communities.
The \"America First Investment Policy\" memorandum, signed by President Trump, declares that the United States will \"use all necessary legal instruments\" to limit investments from China in various strategic sectors, highlighting the increasing tension in U.S.-China economic relations.
Reference(s):
China slams U.S. restrictions on bilateral trade, investment
cgtn.com
