China Foreign Ministry has responded to recent media reports that Joe Biden’s administration plans to ban investments in some Chinese tech companies.
The move is part of the US government’s efforts to address concerns about the Chinese government’s involvement in the US capital markets.
“The moves that a country’s government intervenes in normal business decisions through administrative approaches will break market rules and international trade orders and damage the interest of enterprises and investors. It won’t be good for the two countries or the whole world”, the Chinese spokeswoman said.
China’s inbound investment last year increased by more than 6 percent from a year ago. It will continue opening up and building a market legal and international business environment, and welcome other countries’ enterprise investment in China, including America’s.
Read Also:Chinese Home Appliances Sees Light in African Markets
The spokeswoman also commented on the recently released data from the US Bureau of Economic Analysis. The bilateral goods trade between the US and China rose to 690.6 billion US dollars last year.
“The figures from China and the US show that the two countries bilateral trade volume last year set a record high. It showed that the two countries’ economic structures highly complete each other and the trade corporation benefit each other leading to a winning result”, the Chinese spokeswoman added.
Read Also:China Sees Thriving Demand for Wedding Services
The spokeswoman says Beijing will continue to open up and cooperate with other countries.
Additionally, Beijing will provide opportunities for global economic recovery through its development.
