China's business community has voiced strong opposition to the United States' recent 'America First Investment Policy,' highlighting concerns over the potential hindrance to bilateral economic and trade exchanges, the China Council for the Promotion of International Trade (CCPIT) announced on Monday.
A spokesperson for the CCPIT responded to inquiries regarding the memorandum, emphasizing that the United States is not only restricting Chinese investments in sectors such as technology, critical infrastructure, healthcare, agriculture, energy, and raw materials through security reviews but also employing economic sanctions and financial audits. These measures, the spokesperson noted, extend controls over investment types, industry scope, and funding sources.
According to the CCPIT spokesperson, if implemented, these restrictions could severely disrupt normal business operations, undermine the international economic and trade order, and destabilize global industrial and supply chains.
The spokesperson called on the U.S. to respect market economy laws and the principle of fair competition, clarify the boundaries of national security in economic and trade areas, and remove barriers to two-way investments between China and the United States. This, they argued, would foster a healthy environment for mutually beneficial and win-win cooperation between the business communities of both nations.
The 'America First Investment Policy' memorandum, signed by U.S. President Donald Trump on Saturday, states that the United States will \"use all necessary legal instruments\" to restrict investments from China-affiliated entities in strategic sectors such as technology, critical infrastructure, healthcare, agriculture, energy, and raw materials.
Reference(s):
China slams U.S. restrictions on bilateral trade, investment
cgtn.com
