China has responded to the US Treasury Department's proposal to update its outbound-investment security program by stating that the proposal "discriminatorily" widened China-related investment restrictions and intensified curbs. The Chinese ministry reserved the right to take unspecified countermeasures and opposed the proposal, which it said would damage bilateral economic ties and run counter to the consensus reached by the countries' presidents. Beijing has previously said it will not halt its AI development and has called for a more balanced approach to global technology. The US proposal does not only cover China and aims to stop US capital from supporting foreign adversaries' developme…
Key points
China has responded to the US Treasury Department's proposal to update its outbound-inves…: China has responded to the US Treasury Department's proposal to update its outbound-investment security program by stating that the proposal "discriminatorily" widened China-related investment restrictions and intensified curbs.
The Chinese ministry reserved the right to take unspecified countermeasures and opposed t…: The Chinese ministry reserved the right to take unspecified countermeasures and opposed the proposal, which it said would damage bilateral economic ties and run counter to the consensus reached by the countries' presidents.
Beijing has previously said it will not halt its AI development and has called for a more…: Beijing has previously said it will not halt its AI development and has called for a more balanced approach to global technology.
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The US Treasury Department issued proposals on Thursday to update its outbound-investment security programme, adding biotechnology to restricted sectors and expanding coverage of high-performance computing and hypersonic systems.
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Beijing's commerce ministry said in a statement that the proposal "discriminatorily" widened China-related investment restrictions and intensified curbs.
It firmly opposed the US proposal and reserved the right to take unspecified countermeasures, it added.
Beijing also said the proposal would damage bilateral economic ties and ran counter to the consensus reached by the countries' presidents, who have met twice in the past six months.
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The US Treasury has said the measures, which do not only cover China, are intended to stop US capital from supporting foreign adversaries' development of dual-use strategic technologies that could threaten US national security.
The US programme had already restricted certain US investments involving China in semiconductors, quantum technologies and artificial intelligence.
Hebron, an occupied Palestinian city in the West Bank, is facing a full Israeli siege with all entrances sealed off and around 2,200 Palestinians forcibly displaced from their homes. The siege has been accused of being a form of collective punishment following a deadly shooting on Friday, where two suspected Palestinians opened fire on Israeli troops, killing two soldiers and wounding three others. The city, with approximately 320,000 residents, is the administrative center of a governorate home to around one mill…
Israeli forces have sealed off all entrances to Hebron in the occupied West Bank, forcibly displacing around 2,200 Palestinians from their homes, according to Mayor Yousef Jaabari. Residents were given five minutes to leave before being forcibly evicted from Deir Bahala, al-Jalda, and surrounding neighborhoods. The municipality has declared a state of emergency and is monitoring every detail to meet the needs of those displaced.
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