BEIJING (Reuters) — The Chinese Ministry of Commerce called on the United States to halt the expansion of restrictions on American investments in China, warning that a proposed rule targeting sensitive technologies would disrupt trade relations between the two nations.
The U.S. Treasury Department announced on Thursday its intention to revise the outbound investment security program, adding biotechnology to the list of restricted sectors and broadening oversight of high-performance computing and hypersonic systems.
Beijing’s commerce ministry condemned the proposal as a discriminatory expansion of China-related investment restrictions, asserting that it would intensify economic curbs against Chinese entities.
China firmly rejected the U.S. initiative and retained the right to impose unspecified countermeasures in response.
The Chinese government argued that the measures would damage bilateral economic ties and contradict the consensus established during recent high-level dialogues, including two presidential meetings within the past six months.
The U.S. Treasury emphasized that the framework applies globally, not solely to China, and aims to prevent U.S. capital from fueling the development of dual-use technologies by foreign adversaries with potential threats to national security.
Previously, the program had already imposed limits on U.S. investments targeting China’s semiconductor, quantum technology, and artificial intelligence sectors.
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