• Пн. Гру 5th, 2022

Economic news / Економічні новини

News of economy, energy, trade, finance / Новини економіки, енергетики, торгівлі, фінансів

US congressmen want to limit investment in China


Чер 14, 2022

In the US, congressmen wanted to tighten restrictions on US companies investing in the Chinese economy, according to the Wall Street Journal (WSJ).

According to the newspaper, Congress has drafted a bill that would require companies operating in the US to provide data on certain types of investments. They are subject to scrutiny as to whether these investments are in the national interest of the country. It is noted that these measures are necessary in order to limit the involvement of the state in the technology sector of the Chinese economy.

The US-China Business Council, in turn, warned that the imposition of such restrictions would hurt US competitiveness.

Earlier, US President Joe Biden’s national security aide Jake Sullivan met with the head of the office of the Foreign Affairs Committee of the Communist Party of China Central Committee, Politburo member Yang Jiechi, telling him that Washington was concerned about Beijing’s possible help to Moscow.