Zhao Lijian, spokesperson for China’s Ministry of Foreign Affairs, attends a regular press conference in Beijing, China on Nov 9, 2022. (PHOTO / FOREIGN MINISTRY, CHINA)
BEIJING – China on Wednesday firmly rejected the White House decision to continue the Trump-era ban on US investments in Chinese companies linked to the Chinese military.
“In continuing the ban of the previous administration on investments in companies they say are linked to China's military, the US is repeating its mistake," Zhao Lijian, spokesperson for China’s foreign ministry, said at a regular news briefing.
This is a move driven by its political agenda and a wanton denial of fact and the actual situation of relevant companies, he said.
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Zhao stressed that the White House decision has seriously undermined the rules and order of the market, and hurt the legal rights and interests of Chinese businesses and those of global investors including the American investors.
He urged the US to respect the rule of law and the market, mend its way, and stop taking actions that harm the functioning of global financial market and the legal rights and interests of investors.
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The Chinese side will take necessary measures to firmly uphold the legitimate and legal rights and interests of Chinese companies, the spokesperson said.
Beijing will support Chinese businesses in protecting their interests according to law, he added.