The Chinese mainland has voiced strong opposition to the recent U.S. announcement imposing investment restrictions on its technology sectors. During a press conference on Tuesday, Lin Jian, spokesperson for the Chinese Foreign Ministry, expressed deep dissatisfaction with the new regulations.
Lin emphasized that China has made formal representations to the United States regarding these measures and warned that it will take all necessary actions to safeguard its legitimate rights and interests. This development signals escalating tensions between the two economic powerhouses, particularly in the rapidly evolving tech industry.
The U.S. restrictions aim to curb investments that could potentially enhance China’s technological capabilities. In response, China’s firm stance underscores its commitment to protecting its national interests and maintaining its position in the global tech landscape.
As both nations navigate these challenging dynamics, the impact on international businesses and the global technology market remains a focal point of concern for stakeholders worldwide.
Reference(s):
China slams U.S. rules to curb investment in Chinese tech sectors
cgtn.com
