2023-11-03 01:41:00
BEIJING, Nov. 3 (Xinhua) — The United States’ self-imposed restrictions on investment in China are a typical action that harms the interests of others without benefiting the perpetrator, a spokesperson for the Ministry of Commerce said Thursday. Trade.
Shu Jueting made the remarks at a press briefing in response to a question about US President Joe Biden’s executive order limiting US investment in China.
She said restrictions imposed in the name of national security and risk reduction and decoupling actions taken by the United States in the investment sector seriously affect companies’ normal business decisions, undermine market rules and the international economic and trade order, and disrupted the security of global industrial and supply chains.
Much like what worries the American business community, the restrictions the United States imposes on itself will disadvantage its companies in international competition and hinder technological progress, which is self-defeating, Ms. Shu noted.
The spokesperson expressed the hope that the American side would translate into action its commitment not to seek decoupling from China or hinder its development, to respect the laws of the market economy and the principle of fair competition, and lift its restrictions on investments in China to create a strong environment for trade cooperation. END
1698986431
#China #investment #restrictions #counterproductive #spokesperson #Xinhua