Paul Rosen, assistant Treasury secretary for investment security, stated, 'U.S. investments ... must not be used to help countries of concern develop their military, intelligence and cyber capabilities.' He emphasized that investments also yield 'intangible benefits,' such as managerial support and access to top talent.
A Chinese Foreign Ministry spokesperson articulated the government's response, saying, 'China strongly deplores and firmly opposes the U.S. rolling out restrictions on investment in China.' This highlights the tension between the two nations over technology and trade.
The U.S. Treasury's action underscores a bipartisan approach in Washington to block China's technological advancements, with both parties uniting on limiting access to American investments.
The leader of Hong Kong remarked that the U.S. restrictions 'undermined normal investment and trade' and warned it could 'cause damage to the global supply chain,' indicating larger implications for international commerce.
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