A spokesperson for the China Council for the Promotion of International Trade (CCPIT) responded to questions from reporters regarding the U.S. release of the "America First" investment policy memorandum. The spokesperson stated that the Chinese business community firmly opposes the U.S. repeatedly broadening the concept of national security and continuously obstructing economic and trade exchanges between industries of the two countries.

The spokesperson said that on one hand, the U.S. has been restricting Chinese investments in American technology, critical infrastructure, healthcare, agriculture, energy, raw materials, and other sectors through measures such as investment security reviews. On the other hand, it has been expanding the scope of industries, types of investments, and sources of funding subject to restrictions on Chinese investments through economic sanctions, financial audits, and other means.

Once these measures are implemented, they will severely disrupt normal business operations, undermine international trade and economic order, and destabilize the security and stability of global industrial and supply chains.

"We urge the U.S. side to respect the laws of the market economy and the principle of fair competition, clarify the boundaries of national security in the economic and trade fields, lift the restrictions on two-way investment between China and the United States, and create a favorable environment for mutually beneficial cooperation between the business communities of the two countries," the spokesperson said.

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Author: Emma

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