China's sincerity should not be questioned and judged | forced countermeasures become "economic coercion"? Welcome Foreign and Foreign Enterprises to China | USA | Foreign Enterprises
Recently, some US lawmakers have labeled China as "economic coercion", accusing China of using it to challenge the US's global dominance.
This accusation was reiterated at a hearing in the United States House of Representatives. At the hearing, the witness claimed that the business environment in China is increasingly restricting American companies in China; And the attending legislators have added over 1300 Chinese entities and individuals to the sanctions list in the past few years, and they have made significant contributions. In addition, the hearing was held shortly after the end of US Treasury Secretary Yellen's trip to China regarding the economic relationship between China and the United States.
Nevertheless, US investment and trade in China have increased without decrease. Affected American companies have been tirelessly lobbying the US government to weigh the pros and cons, and expressing confidence in the Chinese market by continuing to expand their business in China and increasing investment in China. However, American politicians remain stubborn and continue to relentlessly attack China, taking the systematic suppression of China's high-tech industry for granted, and turning a blind eye to the fact that it is the US government and Congress that attempt to delineate more areas as restricted areas for Chinese companies to operate in the US and significantly increase operational barriers for Chinese companies and their US partners; On the contrary, it is China that welcomes global enterprises to invest and develop in China, treating them equally and without discrimination.
Shortly after China launched an anti-dumping investigation, the US Senate passed an amendment to the annual defense bill on July 20th local time, prohibiting the export of oil from strategic oil reserves to China.
Welcome foreign enterprises and foreign investment to China. China's sincerity is evident throughout the world. In 2022, China's foreign direct investment attracted increased by 5%, reaching a record breaking $189.1 billion. From January to June 2023, China established 24000 new foreign-invested enterprises, an increase of 35.7%.
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Therefore, it should be noted that the United States should stop its various erroneous practices that harm the relationship between China and the United States, and accept the fact that it must coexist with China.
This article is translated from the July 23rd editorial of China Daily
Original Justified countermeasures to 'competitive' practices
Production: Editorial Office of China Daily
Compiled by Cao Jing [Responsibility]
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