China Criticizes Trump's Ban on Investing in Chinese-Military Companies
China criticized President Donald Trump’s executive order that will ban Americans from investing in Chinese military-owned firms (see 2011130026), saying it unfairly suppresses Chinese companies, China’s Commerce Ministry said Nov. 16, according to an unofficial translation of a press release that cites a news conference transcript. China also said the U.S. list of companies with ties to the Chinese military is neither based on “nor consistent with legal principles.”
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“The United States has repeatedly generalized the concept of national security, abused its national power, and suppressed certain Chinese companies,” the ministry said. “China urges the U.S. to stop its unreasonable suppression of Chinese companies and provide a fair, just and non-discriminatory environment for Chinese companies to operate in the United States.”