China to Keep Close Watch on Proposed US Investment Restrictions(Yicai Global) June 27 -- China's commerce ministry will closely monitor the United States planned restrictions on Chinese investment in the country and will assess the impact it may have on companies from the Asian nation, it said in an online post today.
The US House of Representatives passed a bill yesterday to tighten rules over foreign investment as it looks to prevent China from acquiring American technology and sensitive data. The bill expands reviews conducted by the Committee on Foreign Investment in the United States to cover minority stakes in American companies involving key technology and infrastructure and the sales and leases of real estate near sensitive government facilities.
"The restrictions are being developed to help put pressure on China to address the administration's complaints that it has misappropriated US intellectual property through joint-venture requirements, unfair licensing policies and state-backed acquisitions of US technology firms," according to Reuters.
