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Beijing warns the US of possible investment restrictions



A Chinese and American flag at a booth during the first China International Import Expo in Shanghai, taken on November 6, 2018.

Johannes Eisele | AFP | Getty Images

Beijing described Washington's potential restrictions on US investment in China in a Global Times article published on Sunday as "the latest attempt at decoupling" Chinese companies from US stock exchanges "are expected to have a significant impact on the Chinese and US in the future American economy and their businesses. "

The White House has discussed some restrictions on US investment in China, a well-known source CNBC said last Friday the matter.

Monica Crowley, Deputy Secretary of Public Treasury, said over the weekend, "The government is not considering preventing Chinese companies from listing shares on US exchanges. We welcome investment in the United States."

Nevertheless In the meantime, China's leading trade negotiator will lead the country's delegation to the US for the next round of discussion a week after Chinese National Holiday Wang Shouwen, vice minister of the Ministry of Commerce, said in a statement that the Chinese propaganda arm would criticize US officials. said on Sunday.

"We look forward to the 1

3th round of negotiations," said Wang, according to a CNBC translation in Mandarin. "We hope that both sides, working together on the basis of equal and mutual respect for their concerns, and in a calm attitude negotiate the resolution of differences and find a solution that benefits both sides."

The US and China have been involved in a protracted trade war for more than a year, with each country cutting tariffs on billions of dollars worth of goods.

The US-listed Chinese technology giants responded immediately. Alibaba's shares fell more than 5% in the reports, while Baidu and JD.com also fell 3.6% and 6% respectively on Friday after news release.

– Evelyn Cheng of CNBC contributed to this report

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