BEIJING, June 4 (Xinhua) – A Chinese Foreign Ministry spokesman said on Friday that China strongly opposes US President Joe Biden signing an order to ban investment in dozens of Chinese companies.
Spokesman Wang Wenbin made the remarks at a news conference and noted that the U.S. government has generalized the concept of national security, abused state power, and suppressed and restricted unscrupulous Chinese companies.
Biden signed an executive order on Thursday blacklisting dozens of Chinese companies and banning U.S. entities from investing in companies.
Wang said what the U.S. side has done undermined market rules and order and harmed the legitimate rights and interests of Chinese companies, as well as the interests of global investors, including U.S. investors. . He urged the US administration to withdraw order and provide Chinese companies with a fair, equitable and non-discriminatory business and investment environment.
“China will take the necessary measures to decisively safeguard the rights and legitimate interests of Chinese companies,” Wang added.