Comicomment· Global Lens: U.S. investment restrictions will boomerang on itself
The U.S. government announced new regulations on Monday that restrict investments in China's semiconductor, AI and quantum technology sectors, effective from January next year. China has lodged solemn representations with the United States and reserves the right to take action, a spokesperson with the Ministry of Commerce said on Wednesday.
U.S. restrictions target sectors like chips, AI and quantum computing. Most industries related to these fields are not connected to national security, yet they will all be affected by the U.S. ban. The United States has overstretched the concept of national security to adopt discriminatory investment restrictive measures against China, which is a typical non-market practice.
Many U.S. business associations and companies have expressed concerns that U.S. investment restrictions against China will cause American companies to give up the Chinese market to competitors from other countries, severely damaging U.S. interests. The U.S. politicizes and weaponizes economic issues, undermining international trade and disrupting global supply chains. If it fails to recognize market laws and clarify national security boundaries in trade, it will be struck by its own boomerang.