China said this weekend it was prepared to respond to a “discriminatory” United States presidential order restricting Chinese investment in critical American technology and infrastructure.
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On Saturday, President Donald Trump signed an “America First Investment Policy” memorandum ordering the US to “use all necessary legal instruments” to block Chinese-affiliated investments in American “technology, critical infrastructure, healthcare, agriculture, energy, raw materials or other strategic sectors”.
Those tools included the Committee on Foreign Investment in the United States, which reviews whether investments from overseas affect US national security.
China’s Ministry of Commerce responded by saying the measures were “very unreasonable”.
“It is discriminatory. It is a typical non-market practice that seriously affects the normal economic and trade cooperation between the companies of the two countries.
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“If implemented, [the order] would further distort the investment exchanges between the two countries and bring no benefit to the US itself,” the commerce ministry said on Saturday.