China’s Ministry of Commerce responds to the release of a new version of proposed rules on foreign investment restrictions by the United States

China News Service, Beijing, October 24 (Reporter Yin Qianyun) The U.S. Department of the Treasury recently released a new version of proposed rules on foreign investment restrictions, soliciting public comments. In response to a reporter's question on the 24th, a spokesman for the Ministry of Commerce of China stated that China is firmly opposed to this and will reserve the right to take corresponding measures.

The spokesperson said that the proposed rules discriminatoryly expand the scope and intensity of investment restrictions in China, which is a typical generalized national security approach, violates the important consensus reached by the two heads of state, interferes with the normal economic and trade cooperation between Chinese and American enterprises, and undermines the international economic and trade order. China expresses serious concern and firm opposition to this. We will pay close attention to the subsequent development of the situation and reserve the right to take corresponding measures.

The spokesperson said that China has a very large market with huge consumption and investment potential. Investing in China is investing in the future. The U.S.'s restrictions on investment in China are not conducive to Sino-U.S. economic and trade cooperation, but will also harm the interests of U.S. companies themselves. China urges the United States to respect the laws of market economy, stop generalizing the concept of national security, stop politicizing and weaponizing economic and trade issues, and create a good environment for China-U.S. economic and trade cooperation.