The China Council for the Promotion of International Trade (CCPIT) on Thursday called on the United States to lift restrictions on investments aimed at China.
According to the U.S. Department of the Treasury on Monday, the U.S. has finalized restrictions on investments by U.S. individuals and companies into advanced technology sectors in China, including the semiconductor, quantum computing and AI sectors.
The council said that it has expressed strong concern over the U.S. investment restriction rules on China. In the rule-making process, the council submitted a written statement pointing out that these restrictions are based on erroneous assumptions and distorted facts, representing typical economic coercion and technological bullying. Such measures do not address the U.S.' stated national security concerns and instead have serious adverse impacts on relevant industries in both China and the U.S., while also undermining the security and stability of global industrial and supply chains, according to the council.
"Both Chinese and U.S. business communities hope to collaborate based on the principles of market economy and fair competition to achieve mutual benefit and win-win outcomes. We strongly call on the U.S. to lift such investment restrictions," said Sun Xiao, spokesman of the trade promotion body, at a press conference.
China's trade promotion body urges US to lift restrictions on investment
The delegation of the Chinese People's Liberation Army (PLA) and the Chinse People's Armed Police Force to the third session of the 14th National People's Congress (NPC), China's national legislature, held group meetings to review the government work report on Wednesday afternoon in Beijing.
Chinese Premier Li Qiang delivered the government work report on behalf of the State Council at the opening meeting of the third session of the 14th NPC at the Great Hall of the People in Beijing on Wednesday morning.
Zhang Youxia, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and vice chairman of the Central Military Commission (CMC), said that the extraordinary achievements made by the Party, the country and the military over the past year have proved that no difficulties or obstacles can stop China from advancing the historical process of national rejuvenation.
He stressed that the entire military forces must focus on achieving the centenary goal of the PLA, comprehensively enhance the military's capability to fight and win, and accelerate the advancement of the modernization of national defense and armed forces.
He Weidong, also a member of the Political Bureau of the CPC Central Committee and vice chairman of the CMC, said that under the strong leadership of the CPC Central Committee, China has made new solid strides forward in advancing Chinese modernization, urging the whole military to strengthen military training and combat readiness, promote the implementation of plans, unswervingly enforce discipline while combating corruption to achieve the centenary goal of the PLA.
Military delegation to NPC annual session reviews gov't work report
