News Snapshot:
Beijing on Thursday slammed the Biden administration for imposing fresh restrictions on American investments in China’s tech industry. Chinese Commerce Ministry rebuked the restrictions, accusing the US of pushing for “decoupling" bilateral investment while claiming it’s for “de-risking." “The US’ move seriously violates the principles of market economics and fair competition that the US has always proclaimed, and will impact business operations and decision making, in addition to damaging international trade rules and seriously disrupting global industrial and supply chains," China’s Commerce Ministry said, as quoted by state media outlet Global Times. This statement comes hours after US President Joe...
