China urges US to halt proposed expansion of outbound investment curbs
Nikkei Asia · Staff Writer ·
Move follows Treasury's Thursday proposal to broaden security program
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.
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