China’s Commerce Ministry says it is carefully monitoring new US legislation that would restrict Chinese investment in America but that is meant to do so through a less confrontational attitude.
“China will closely monitor the legislation process and evaluate its potential impact on Chinese companies,” Chinese Commerce Ministry spokesman Gao Feng said at a regular press conference in the capital, Beijing, on Thursday.
He added that his country did not agree with Washington’s move in “tightening foreign investment conditions using national security as reasons.”
The ministry’s comments came just a day after US President Donald Trump said in a statement that he would initiate a strengthened national security review process to foil China’s alleged attempts to acquire sensitive American technologies, which is considered to be a softer approach than introducing China-specific investment restrictions.
The US Treasury Department…