Almaty. June 1. KazTAG - China will weigh the threats of the new US restrictive measures and retain the right to respond respectively, TASS reports.
China will evaluate the influence and reserve the right to take corresponding measures after the United States announced restriction measures on Chinese investments and exports to China, the agency cited China Daily.
“China can accept measures that comply with international rules, but it will not accept those coming from another country’s domestic law. We must prepare for all possible contingencies to deal with the Trump administration's capricious acts,” Mei Xinyu, a researcher at the Commerce Ministry's International Trade and Economic Cooperation Institute, said.
“External interference by the US cannot deter China’s pace of further opening and upgrading its economy,” said Chen Wenling, chief economist at the China Center for International Economic Exchanges, in his interview to China Daily.
Earlier, on May 29, it was reported that to strengthen national security the US would introduce specific investment restrictions and strengthen export controls on individuals and legal entities from China. Such restrictions will relate to the acquisition of important technologies, meaning high technologies.
The proposed restrictions on capital investments, as well as measures to tighten export controls, will be announced by June 30 to be implemented soon thereafter.
To remind, another stage of aggravation in the trade relations between Washington and Beijing began on April 3, when the administration of D. Trump unveiled a list of products from China to become a subject for additional 25% tariff. In response, the State Council of China published a list of the US produced items to become a subject to similar tariffs. On May 20, though, Xi Jinping’s special envoy, Vice Premier of the State Council of the People’s Republic of China, Liu He, said that Beijing and Washington agreed to prevent a trade war. The parties, as it was noted, agreed to increase supplies from the US to China to eliminate the trade imbalance.
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