China opposes investment protectionism abroad

In the first 11 months of the year, China'a overseas direct investment in the U.S. reached 1.1 billion US dollars, a jump of 13 percent from the same period a year ago.

Around 1,700 Chinese enterprises have so far set up shop in the US according to data from China's Ministry of Commerce. Some Chinese firms are however encountering mounting protectionist hurdles in the U.S., and also face tough national security checks. Shen Danyang, the Commerce Ministry's spokesman, says that China will oppose any investment protectionism and consider mergers and acquisitions as normal business activities.

Shen Danyang said, "China opposes any country blocking Chinese investors for the reason of national security, as it is indicative of discrimination. We hope U.S. authorities can treat Chinese investors in an objective way, keep political elements away from business cooperation, and ensure the security checks are open, fair and transparent. We also hope the U.S. can take concrete measures to build trade ties, in order to increase Chinese investors' confidence in the U.S. market."