China Council for the Promotion of International Trade responds to "America First" investment policy memorandum

On February 24th, Eastern Time, on February 21st, the White House website released the "America First" investment policy memorandum, announcing that it will adjust the US investment policy and focus on further restricting two-way investment with China. This morning (February 24th), the spokesperson of the China Council for the Promotion of International Trade responded to this. The Chinese business community firmly opposes the US's repeated generalization of the concept of national security and constantly hinders the economic and trade exchanges between the two industries. On the one hand, the US restricts Chinese enterprises' investment in US technology, critical infrastructure, medical care, agriculture, energy, raw materials and other fields through investment security review and other means; on the other hand, through economic sanctions, financial audits and other means, it further expands the scope of industries, investment types, and funding sources of investment restrictions on China. Once the relevant measures are implemented, they will seriously affect the normal business decisions of enterprises, undermine the international economic and trade order, and disrupt the security and stability of the global industrial chain supply chain. We urge the US to respect the laws of market economy and the principle of fair competition, clarify the national security boundary in the economic and trade field, and lift the restrictions on two-way investment between China and the US, so as to create a good environment for the business communities of the two countries to carry out mutually beneficial and win-win cooperation.