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China urges US to halt proposed expansion of outbound investment curbs

BEIJING: The Chinese commerce ministry urged the United States on Saturday (Oct 24) to stop expanding restrictions on American investments in China, saying a proposed rule on sensitive technologies would disrupt trade ties.

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中国敦促美国停止扩大对外投资限制的提议

FILE PHOTO: Visitors make inquiries at the stand of Bristol-Myers Squibb during the second China International Import Expo in Shanghai on Nov 9, 2019. The US Treasury Department plans to update its outbound-investment security programme, adding biotechnology to restricted sectors and expanding coverage of high-performance computing and hypersonic systems. - China Daily/ANN

BEIJING: The Chinese commerce ministry urged the United States on Saturday (Oct 24) to stop expanding restrictions on American investments in China, saying a proposed rule on sensitive technologies would disrupt trade ties.

The US Treasury Department issued proposals on Thursday to update its outbound-investment security programme, adding biotechnology to restricted sectors and expanding coverage of high-performance computing and hypersonic systems.

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