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Beijing warns the United States in response to potential investment restrictions



A Chinese and American flag at a booth during the first China International Import Expo in Shanghai, taken on November 6, 2018.

Johannes Eisele | AFP | Getty Images

Beijing called Washington's potential restrictions on US investment in China "the last attempt at decoupling," in a Global Times piece published Sunday.

The Chinese state-owned media said that even news of measures such as delisting Chinese companies from US stock exchanges "are expected to have significant effects on the Chinese and US economies, as well as their companies, in the future."

The White House has discussed some concerns about US investment in China, a known source with the case told CNBC last Friday.

But US Treasury's assistant secretary of state, Monica Crowley, said in a statement this weekend that "the administration is not considering preventing Chinese companies from listing stocks on US stock exchanges at this time. We welcome investment in the United States."

Still, the Chinese propaganda framework criticized the move by American politicians, saying they "seem to believe that having a decoupling from China will be easy" and "will not affect the economy significantly."

Meanwhile, China's top trade negotiator to lead the country's delegation to the United States for the next round of talks one week after China's national holiday, Deputy Minister of Commerce Wang Shouwen said Sunday.

"We are looking forward to the 1

3th round of negotiations," Wang said in Mandarin, according to a CNBC translation. "We hope both sides, on the basis of equal and mutual respect, jointly take care of each other's concerns and use a calm attitude of negotiations to resolve differences and find a resolution that is favorable to both sides."

The United States and China have been locked in a protracted trade war for more than a year, with each country dropping billions of dollars worth of goods.

Chinese tech giants listed in the US responded immediately. Alibaba shares slipped more than 5% on the reports, while Baidu and JD.com also fell 3.6% and 6% respectively on Friday after the news came out.

– CNBC's Evelyn Cheng contributed to this report. [19659013]
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