China strongly condemned the new investment restrictions by the US and promised to take "necessary measures" to protect its legitimate economic rights and interests.
A spokesman for the Chinese Ministry of Commerce (MOFCOM) has described the US investment policy "America First." as discriminatory. In his view, Washington is unfairly expanding the concept of national security and introducing non-market measures that undermine trade relations between the two countries.
"These steps will seriously damage the confidence of Chinese companies to invest in the U.S.," the spokesman said, calling on Washington to ensure a fair, transparent and predictable business environment for Chinese investors.
China has also criticized additional restrictions on U.S. investment in China, which it has called "unfounded", and warned that it could disrupt trade and investment flows, which would ultimately harm the US itself. According to MOFCOM, industry groups and U.S. businesses have already expressed concerns that the policy could push U.S. firms out of the Chinese market in favor of global competitors.
Beijing called on Washington to respect international rules for trade and investment, not to transfer economic issues to the political level and to respect market principles. MOFCOM stressed that China would closely monitor the situation and take all steps to protect its economic interests.
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