China on Monday urged the United States government to stop its crackdown on Chinese companies and provide a fair, just, and non-discriminatory environment for Chinese firms operating in the country, according to a statement issued by the Ministry of Commerce.
The ministry made the remarks after the US government decided to ban US investments on Nov 12 in Chinese companies that it claimed are linked to the Chinese military.
Disregarding the facts, the US government”s allegation that the Chinese companies are military-controlled is groundless, lacks evidence and is against legal principles, said a spokesperson in the statement.
The ministry said the US government has repeatedly generalized national security concept and abused its national power to suppress Chinese companies, seriously violating market competition principles and international trade rules.
China’s capital market has been increasingly favored by global investors, including the US companies, in recent years. This reflects the confidence of international investors in China’s economic growth and their recognition of the deepening reform and opening-up of the country’s capital market, said the spokesperson.
The ministry pointed out that some people in the US adopted the so-called national security as a pretext to artificially block the US investors’ access to the Chinese market or even politicize it. This is not in line with the market rules and will only cause companies to miss growth opportunities and harm investors’ interests. Market forces cannot be suppressed by the actions of a few politicians.