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China Reserves Right of Actions Against Planned Investment Restrictions By US

POSTED ON June 24, 2024 •   Business      BY Abiodun Saheed Omodara •   VIEWS 97
A worker sets up decorations formed with umbrellas for an outdoor market along the Wangfujing mall street in Beijing, Wednesday, June 19, 2024. l Photo Credit: AP

The Chinese commerce ministry expressed serious concern and strong opposition to the US's proposed regulations to limit specific investments in China, and stated that China reserves the right to retaliate with corresponding measures. 

In a statement on Monday, the ministry urged the US to refrain from politicizing and weaponizing economic and trade matters, and to remove investment restrictions on China.

The US recently released draft regulations on Friday that would prohibit or require notification of certain investments in sectors such as artificial intelligence and other technology in China, citing potential threats to US national security.

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