Spokesperson for the Ministry of Commerce 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 rules for new outbound investment restrictions and asked for public comments. Whats Chinas comment? A: China noted the developments. The proposed rules expand the scope of restrictions on investment in China in a discriminatory manner and toughen the restrictions. It is a typical move of overstretching the concept of national security, which runs counter to the important common understandings reached by the two heads of state, disrupts normal economic and trade cooperation between Chinese and US companies, and undermines international economic and trade order. China deplores and firmly opposes this and will watch the subsequent developments closely and keep the right to take corresponding measures. China has a supersized market, with huge potential for consumption and investment. Investing in China means investing in the future. The US restrictions on investment in China are unhelpful for China-US economic and trade cooperation and will also hurt the interests of US companies. China urges the US to respect the laws of market economy, stop overstretching the concept of national security, stop turning economic and trade issues into political ones or using them as weapons, and create a sound environment for China-US economic and trade cooperation.