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- China state media warn US investment curbs will have ‘significant repercussions’
China state media warn US investment curbs will have ‘significant repercussions’
Beijing called Washington’s potential restrictions on U.S. investments in China “the latest attempt at a decoupling,” in a Global Times piece published on Sunday.
The Chinese state-owned media said that even news of measures like delisting Chinese companies from American stock exchanges “is expected to have significant repercussions for the Chinese and US economies, as well as their companies, in the future.”
The White House has discussed some curbs on U.S. investments in China, a source familiar with the matter told CNBC last Friday.
But U.S. Treasury assistant secretary for public affairs, Monica Crowley, said in a statement over the weekend that “the administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time. We welcome investment in the United States.”
Still, the Chinese propaganda arm criticized the move by the U.S. politicians, saying that they “seem to believe that a decoupling from China will be simple” and “won’t significantly impact its economy.”
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