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China will firmly oppose new US policy to restrict investment in China if reports are true: MOFCOM
China will firmly oppose new U.S. policy to restrict investment in China if related reports are true, Shu Jueting, spokesperson from China's Ministry of Commerce (MOFCOM) told a press conference on Thursday, as the Biden administration stepped up its suppression of China's high-tech industry. Shu made the remarks in response to a number of reports published by foreign media outlets including Bloomberg claiming that U.S. President Joe Biden intends to sign an executive order in the coming weeks that will limit investment in key parts of China's economy by American businesses. According to Bloomberg, the executive ... (full story)
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