China: "US Investment Restrictions Violate Market Economy... Will Take Measures"

On the 9th (local time), when the White House announced measures to restrict U.S. capital investment in China in the field of advanced technology, China immediately opposed the move, claiming that the U.S. violated market economy principles and vowed to take countermeasures.

Ryu Fengyu, spokesperson for the Chinese Embassy in the U.S., stated on the same day, "We are very disappointed. China opposes the U.S. politicizing and weaponizing trade, science, and technology, and deliberately obstructing normal economic exchanges by abusing national security."

He emphasized that the measure would "seriously harm the interests of Chinese and American companies and investors," and added, "China will closely monitor the situation and firmly protect our rights and interests."

Following the Chinese Ministry of Foreign Affairs, the Ministry of Commerce also criticized the U.S. government. The Chinese Ministry of Commerce described the move as "'de-risking' under the guise of removing risks, but actually engaging in 'decoupling' in the investment sector." This directly refutes the U.S. claim that the restrictions on U.S. capital investment in China are for the purpose of de-risking to protect national security.

A spokesperson for the Chinese Ministry of Commerce pointed out, "The U.S. has consistently violated the principles of market economy and fair competition it has advocated, affecting the normal business decision-making of companies," and added, "It has destroyed the international economic and trade order and seriously disrupted the safety of global production and supply chains." He further emphasized, "China expresses serious concern and reserves the right to take future measures."

The Global Times, affiliated with the Chinese Communist Party's official newspaper People's Daily, stated in a commentary on the same day, "If there are Americans who hope that such investment restrictions can block or suffocate China's advanced technology development, they are being too arrogant," and argued, "The U.S. blockade of China only strengthens our determination for independent innovation and a high level of openness to the outside world."

U.S. President Joe Biden announced an executive order on the same day regulating investments by U.S. private equity funds, venture capital, and others in three Chinese sectors: advanced semiconductors, quantum computing, and artificial intelligence (AI). Accordingly, companies intending to invest in China in these fields must mandatorily report their investment plans to U.S. authorities in advance.

This content was produced with the assistance of AI translation services.