US President Donald Trump has signed a memo calling for curbs on Chinese investments in strategic sectors like technology and critical infrastructure. Beijing slammed the move as \”discriminatory\” The move, including an expanded role for a foreign investment review panel, comes at a time of growing trade tensions and strategic competition between the world’s two biggest economies. Trump early this month imposed additional customs duties of 10 percent on all products imported from China, over the country’s alleged role in the deadly fentanyl trade. But on Wednesday, the US president suggested that a trade deal with China was \”possible\” The White House said the move is aimed at promoting foreign investment in the United States, while protecting US national security interests \”particularly from threats posed by foreign adversaries\” like China. The memo singles out China for \”increasingly exploiting U.S. capital to develop and modernize its military, intelligence, and other security apparatuses,\” according to the White House. The move will \”seriously hurt the confidence of Chinese enterprises willing to invest in the US,\” a Chinese commerce ministry spokesperson said in a statement.
