China has fired back at new U.S. investment restrictions, calling them “discriminatory” and vowing to defend its interests in the latest trade clash between the world’s two largest economies. 🌍💼
Key Quotes from Beijing
Foreign Ministry spokesperson Lin Jian accused the U.S. of “hurting its own economic interests” by imposing Friday’s memorandum, which labels China a “foreign adversary” and tightens rules on cross-border investments. 💬🔥
What’s at Stake?
The measures could:
🚧 Erode confidence in U.S. markets among Chinese firms
💸 Disrupt normal investment flows
📉 “Distort” global trade rules (WTO violations cited)
Lin specifically criticized U.S. restrictions on China’s shipbuilding sector via the Section 301 mechanism – a move he called “politically driven.” ⚓️💥
The Bigger Picture
With Beijing promising “necessary measures” to counter the restrictions, this clash adds fuel to ongoing tensions – think of it like a high-stakes game of economic chess where every move affects global supply chains. ♟️🌐
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