China rejects U.S. ban on investments linked to Chinese military

Chinese Foreign Ministry spokesperson Zhao Lijian said on Wednesday that China firmly rejects the White House decision to continue the Trump-era ban on U.S. investments in Chinese companies linked to the Chinese military.

"In continuing the ban of the previous administration on investments in companies they say are linked to China's military, the U.S. is repeating its mistake," Zhao told a regular news briefing.

Zhao said this is a move driven by its political agenda and a wanton denial of fact and the actual situation of relevant companies, which has seriously undermined the rules and order of the market, and hurt the legal rights and interests of Chinese businesses and those of global investors including the American investors.

He urged the U.S. to respect the rule of law and the market, mend its way, and stop taking actions that harm the functioning of global financial market and the legal rights and interests of investors.

The Chinese side will take necessary measures to firmly uphold the legitimate and legal rights and interests of Chinese companies, and support Chinese businesses in protecting their interests according to law, he added.