China's business community strongly opposes the United States going beyond the notion of national security and hindering bilateral economic and trade exchanges, the China Council for the Promotion of International Trade (CCPIT) said on Monday.
The CCPIT spokesperson made the comments in response to a question about the "America First Investment Policy" memorandum.
The United States is not only restricting investment from China in sectors such as technology, critical infrastructure, health care, agriculture, energy and raw materials through security reviews, but also using economic sanctions and financial audits to strengthen controls on investment in China in terms of the scope of sectors, types of investment and sources of financing, the spokesman said.
The spokesman warned that, if implemented, these measures would seriously affect normal business operations, disrupt the international economic and trade order, and undermine the security and stability of global industrial and supply chains.
The spokesman urged the US side to respect the laws of market economy and the principle of fair competition, clarify national security boundaries in the field of economy and trade, and lift restrictions on two-way investment between China and the United States, thus creating a healthy environment for win-win and win-win cooperation between the business communities of the two countries.
Chinese Vice Premier He Lifeng, who is also China's top person on China-US economic and trade affairs, held a video call with US Treasury Secretary Scott Bessent on Friday on important bilateral economic issues.
The two sides exchanged detailed views on the implementation of the consensus reached by the two heads of state during the telephone talks and on important issues between China and the United States in the economic field.
Both sides recognised the importance of bilateral economic and trade relations and agreed to continue to communicate on issues of mutual interest.
The Chinese side also expressed serious concern about the recent additional US tariffs and other restrictive measures against China.
CMG/ gnews.cz - RoZ
PHOTO - CMG
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