MOFCOM Spokesperson Answers Questions on the U.S. Release of the Proposed New Outbound Investment Restrictions Rules

MOFCOM Spokesperson Answers Questions on the U.S. Release of the Proposed New Outbound Investment Restrictions Rules. The spokesperson stated that the proposed rules discriminatively expand the scope of investment restrictions against China and intensify the restrictions. This is a typical practice of overgeneralizing national security, violates the important consensus reached by the two heads of state, disrupts normal economic and trade cooperation between Chinese and U.S. enterprises, and undermines the international economic and trade order. China expresses serious concern and firm opposition to this, will closely follow the subsequent developments, and reserves the right to take corresponding measures. The original text is as follows MOFCOM Spokesperson Answers Questions on the U.S. Release of the Proposed New Outbound Investment Restrictions Rules Q: On October 23, the U.S. Department of the Treasury released the proposed new outbound investment restrictions rules and solicited public comments. What is China's comment? A: China has noted the relevant situation. The proposed rules discriminatively expand the scope of investment restrictions against China and intensify the restrictions. This is a typical practice of overgeneralizing national security, violates the important consensus reached by the two heads of state, disrupts normal economic and trade cooperation between Chinese and U.S. enterprises, and undermines the international economic and trade order. China expresses serious concern and firm opposition to this, will closely follow the subsequent developments, and reserves the right to take corresponding measures. China has a super-large market with huge consumption and investment potential. Investing in China is investing in the future. The U.S. restrictions on investment in China are neither conducive to China-U.S. economic and trade cooperation nor in the interest of U.S. companies themselves. China urges the U.S. to respect the laws of the market economy, stop overgeneralizing the concept of national security, stop politicizing and weaponizing economic and trade issues, and create a favorable environment for China-U.S. economic and trade cooperation. This article is edited from the official website of the Ministry of Commerce. GMTEight editor: Wang Qiujia.