CHINA China pays close attention to the impacts of the US defense act: MOC

CHINA

China pays close attention to the impacts of the US defense act: MOC

By Zhan Huilan | People's Daily app

11:05, August 14, 2018

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The headquarters of China's Ministry of Commerce in Beijing. (Photo: IC)

US President Donald Trump signed the National Defense Authorization Act into law on Monday. The new law strengthens regulations on foreign investments based on national security concerns,  reviewed by the Committee on Foreign Investment in the United States.

The Chinese Ministry of Commerce said that the Chinese government will comprehensively assess the act, and pay close attention to the impacts of the bill on Chinese companies when the bill comes into effect.

“Today, economic globalization gains deeper development and international investment stays well under way,” said a statement from the ministry. “Chinese and US companies have a strong will and great potential for deepening investment cooperation.”

“The governments of the two countries should listen to the voices of companies and establish a good environment and a stable expectation. The US should treat Chinese investors with objectivity and fairness, to avoid allowing national security reviews to become the barrier of investment cooperation between Chinese and US companies,” said in the statement.

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