China News Service, November 16 According to the Ministry of Commerce website, a spokesperson for the Ministry of Commerce today answered reporters' questions about the US prohibition of US investors from investing in certain Chinese companies.
The spokesman stated that the US has disregarded facts and identified relevant Chinese enterprises as military-controlled enterprises. This lacks basis and does not conform to legal principles. China firmly opposes this.
China urges the US to stop its unreasonable suppression of Chinese companies and provide a fair, just and non-discriminatory environment for Chinese companies to operate in the United States.
Reporter: On November 12, the US government issued an executive order prohibiting US investors from investing in so-called enterprises owned or controlled by the Chinese military.
How does the Ministry of Commerce respond to this?
The spokesman said that China has repeatedly stated its solemn position on the issue of the US's unprovoked suppression of Chinese companies.
Regardless of the facts, the United States has determined that the relevant Chinese enterprises are military-controlled enterprises, which is neither based nor consistent with legal principles. China firmly opposes this.
The US has repeatedly generalized the concept of national security, abused its national power, and suppressed certain Chinese companies, which seriously violated the market competition principles and international economic and trade rules that the US has always advertised.
The spokesperson said that the essence of China-US economic cooperation is mutual benefit and win-win results.
In the era of globalization, the interests of all countries are deeply integrated. You are in me and you are in me.
In recent years, China's capital market has been increasingly favored by global investors including the United States, which reflects the confidence of international investors in China's economic development and the recognition of the deepening reform and opening up of China's capital market.
Some people in the U.S. often use the so-called national security as an excuse to artificially impede U.S. investors' entry into the Chinese market, or even politicize them. This is not in line with economic laws and will only miss opportunities for companies to develop and harm investors’ interests.
The actions of a few politicians cannot suppress market forces.
The spokesperson emphasized that Chinese companies have always adhered to operating in accordance with laws and regulations, strictly abiding by relevant national laws and regulations in international operations, and always adhere to the principles of marketization and rule of law.
Chinese companies will continue to carry out mutually beneficial cooperation with other countries on the basis of respect for market rules and relevant laws.
China urges the US to stop its unreasonable suppression of Chinese companies and provide a fair, just and non-discriminatory environment for Chinese companies to operate in the United States.