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In reply to Trump move, China to monitor US policies on inbound investments

US President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies

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Reuters Beijing
China's commerce ministry said on Thursday it would carefully monitor US policies on inbound investments, stressing that the country opposes using national security as grounds to restrict foreign investments.
 
US President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions.
 
The US Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose authority would be enhanced by new legislation in Congress, to control investment deals. The legislation expands the scope of

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First Published: Jun 28 2018 | 11:24 AM IST

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