America Artificial Intelligence Beijing Biotech China Chinese Economy Expansion Investment National Security United States
BEIJING (Reuters) — The Chinese commerce ministry urged the United States on Saturday to stop expanding restrictions on American investments in China, saying a proposed rule on sensitive technologies would disrupt trade ties. The U.S. Treasury Department issued proposals on Thursday to update its outbound-investment security program, adding biotechnology to restricted sectors and expanding coverage of high-performance computing and hypersonic systems. Beijing’s commerce ministry said in a statement that the proposal “discriminatorily” widened China-related investment restrictions and intensified curbs. It firmly opposed the U.S. proposal and reserved the right to take unspecified countermeasures, it added. Beijing also said the proposal…
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