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China says it reserves right to take measures against US planned investment curbs

Published 06/24/2024, 12:04 AM
Updated 06/24/2024, 12:05 AM
© Reuters. FILE PHOTO: Flags of the U.S. and China sit in a room where U.S. Secretary of State Antony Blinken meets with China's Minister of Public Security Wang Xiaohong at the Diaoyutai State Guesthouse, April 26, 2024, in Beijing, China.     Mark Schiefelbein/Poo

BEIJING (Reuters) - China is gravely concerned and firmly opposed to U.S. proposed rules for curbing certain investments in China, and reserves the right to take corresponding measures, the Chinese commerce ministry said on Monday.

© Reuters. FILE PHOTO: Flags of the U.S. and China sit in a room where U.S. Secretary of State Antony Blinken meets with China's Minister of Public Security Wang Xiaohong at the Diaoyutai State Guesthouse, April 26, 2024, in Beijing, China.     Mark Schiefelbein/Pool via REUTERS/File Photo

The U.S. should "stop politicising and weaponising economic and trade issues, and lift investment restrictions on China," the ministry said in a statement.

Washington issued on Friday draft rules for banning or requiring notification of certain investments in artificial intelligence and other technology sectors in China that could threaten U.S. national security.

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