The United States investment policy seriously affects the economy, commercial cooperation between Chinese, US companies: ministry

The US Movement to publish the “AMERICA First Investment Policy” memorandum seriously affects normal economic and commercial cooperation between Chinese and American companies, a spokesman for the Ministry of Commerce of China said on Saturday.

The measure, which generalizes the concept of national security, is discriminatory and a “typical non -commercial practice,” said the spokesman.

The US decision to harden security reviews aimed at China’s investments will seriously undermine the confidence of Chinese companies in investing in the United States, according to the spokesman.

“We hope that the American side will provide a fair, transparent, stable and predictable business environment for Chinese companies that invest there,” said the spokesman.

It is also an unreasonable practice that the American team plans to implement even more restrictive measures for US investments in China, said the spokesman. The relevant measures, once implemented, will further distort bilateral investment and will not do any good to the United States.

Many American commercial associations and companies have already expressed concern that the restrictions on US investment in China will lead US companies to lose the Chinese market to other competitors, the spokesman added.

China urges next to the United States to adhere to international investment and trade rules, respect the laws of the market economy and stop politicizing and assembling economic and commercial problems.

China will closely follow the movements of the United States and take the necessary measures to safeguard their own legitimate rights and interests, said the spokesman.