China on new US restrictions on its investments: deviates from the market economy

China, in its first comment on the new US restrictions on investments within its territory, said that it reserves the right to take measures in response to the recent US restrictions on investment in China.

The Chinese Ministry of Commerce said on Thursday, in a statement published on its website, that the United States, by restricting the investments of American companies under the pretext of” risk reduction”, “severs ties and chains in the field of investment, seriously deviates from the market economy and the principles of fair competition long promoted by the United States, and also harms the international trade system and severely disrupts the security of global manufacturing and supply chains.

“China expresses serious concern about this and reserves the right to take action,” the ministry said, adding that Beijing hopes that “the United States will avoid artificially blocking global economic and trade exchanges and cooperation, as well as putting obstacles to the recovery of the global economy.