US President Donald Trump emailed a letter on Friday urging restrictions on Chinese investments in key areas like technology and critical infrastructure, as well as restrictions placed by a foreign expense review panel.
The decision comes at a time when the country’s two biggest economies are experiencing growing trade tensions and proper competition.
It is aimed at promoting foreign funding, while protecting US national security interests “particularly from challenges posed by international adversaries” like China, the White House said.
In particular, the letter took aim at China for “increasingly exploiting United States investment to grow and modernise its government, intelligence, and additional security apparatuses”.
It called for the Committee on Foreign Investment in the United States ( CFIUS) to be used to restrict Chinese investments in key US sectors such as technology, critical infrastructure, health care and energy.
A board called CFIUS weighs the effects of foreign assets in the United States on national security. The White House stated that” President is keeping his promise to stop foreign enemies from taking benefit of the United States.” agency
