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Why did Trump stop China from buying American companies?
In the question-and-answer session that followed, a reporter suggested that US President Trump should prevent a China company from acquiring an American chip manufacturer. What is the response of the Ministry of Commerce? Gao Feng replied that we have noticed relevant reports and China is concerned about this. We believe that security review of investments in sensitive areas is a legitimate right of a country, but it should not be a tool to promote protectionism.
In 20 16, China's financial direct investment in the United States and Africa was19.5 billion US dollars, with a year-on-year increase of 132.4%. According to the data of American Rongding Group, China's direct investment (FDI) in the United States increased to US$ 45.6 billion in 20 16, which was three times that in 20 15 and reached a new record high. Since 2000, China enterprises have invested more than US$ 654.38 billion in the United States, creating more than 654.38 billion jobs.
The acquisition of foreign companies by China enterprises abroad is a market behavior of independent decision-making by enterprises. It is hoped that the countries concerned can treat China enterprises' overseas acquisitions objectively and fairly, treat this normal business behavior fairly, create a reasonable and transparent business environment for them, and avoid affecting investors' confidence.
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