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China Warns U.S. Investment Curbs Could Trigger Countermeasures

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Story summary
  • China’s commerce ministry urged the United States to halt expanding investment restrictions on American firms.
  • The U.S. Treasury Department proposed updating its outbound-investment security programme on Thursday.
  • The update adds biotechnology and expands high-performance computing and hypersonic system coverage.
  • Beijing called the rule discriminatory, warning it could damage bilateral economic ties and trigger countermeasures.
  • U.S. officials said the steps aim to prevent capital from aiding foreign adversaries’ dual-use technologies.