"America First" Restricts Two-Way Investment with China, China Council for the Promotion of International Trade Responds!
On [Month Day] Eastern Time, the White House website released an "America First" investment policy memorandum, announcing adjustments to U.S. investment policies with a focus on further restricting two-way investments with China.
This morning (month and day), a spokesperson for the China Council for the Promotion of International Trade responded to media inquiries regarding the "America First" investment policy memorandum.
Question: On [date] Eastern Time, the White House website released a memorandum on the "America First" investment policy, announcing adjustments to U.S. investment policies with a focus on further restricting two-way investment with China. What is the comment from the China Council for the Promotion of International Trade (CCPIT) on this matter?
Answer: We have taken note of the "America First" investment policy memorandum released by the United States. The Chinese business community firmly opposes the U.S. side's repeated expansion of the concept of national security, which continuously hinders economic and trade exchanges between industries of the two countries.
On one hand, the U.S. restricts Chinese investments in American technology, critical infrastructure, healthcare, agriculture, energy, raw materials, and other sectors through measures like investment security reviews. On the other hand, it further expands the scope of restrictions on industries, investment types, and funding sources for investments in China through economic sanctions and financial audits.
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 market economy and the principle of fair competition, clarify the boundaries of national security in economic and trade areas, lift investment restrictions between China and the U.S., and create a favorable environment for mutually beneficial cooperation between the business communities of the two countries.
