China’s business community has voiced strong opposition to new U.S. policies that they say overextend national security concerns and hinder economic and trade exchanges between the two nations. The China Council for the Promotion of International Trade (CCPIT) made a statement on Monday criticizing the United States for restricting investment from China.
A spokesperson for the CCPIT responded to queries about the “America First Investment Policy” memorandum, expressing concerns over the U.S. limiting Chinese investment in sectors like technology, critical infrastructure, healthcare, agriculture, energy, and raw materials through extensive security reviews. The United States is also reportedly using economic sanctions and financial audits to tighten control over Chinese investments in terms of industry scope, investment types, and funding sources.
The CCPIT spokesperson warned that if these measures are implemented, they could severely impact normal business operations, undermine the international economic and trade order, and disrupt the security and stability of global industrial and supply chains.
The spokesperson urged the United States to respect market economy principles and fair competition, clarify the boundaries of national security in economic and trade fields, and lift restrictions on two-way investments between China and the United States. This, they argue, would create a favorable environment for mutually beneficial cooperation between the business communities of both countries.
The “America First Investment Policy” memorandum, signed by U.S. President Donald Trump on Saturday, states that the United States will “use all necessary legal instruments” to restrict China-affiliated persons from investing in U.S. “technology, critical infrastructure, healthcare, agriculture, energy, raw materials, or other strategic sectors.”
