People are seen with the U.S. Capitol building shrouded in haze in the background in Washington, D.C., the United States, on June 29, 2023. [Photo/Xinhua]

China is strongly dissatisfied with and firmly opposed to the U.S. insistence on introducing restrictions on investment in China and has lodged stern representations with the U.S. side, the Chinese Foreign Ministry said on Thursday.

Restricting U.S. companies' investments in China with national security as a front is a clear act of overstretching the concept of security and politicizing business engagement, a Chinese Foreign Ministry spokesperson pointed out in a statement, released on the ministry's website.

The spokesperson noted that the move's real aim is to deprive China of its right to develop and selfishly pursue U.S. supremacy at the expense of others.

"This is blatant economic coercion and tech bullying, an act that seriously violates the principles of market economy and fair competition, undermines the international economic and trading order, destabilizes global industrial and supply chains and hurts the interests of both China and the U.S. and the global business community," the statement read.

This is de-globalization and a move to phase China out, it added.

Stressing U.S. President Joe Biden committed to not seeking to "decouple" from China or halt China's economic development, the spokesperson urged the U.S. side to follow through on that commitment, stop politicizing, instrumentalizing and weaponizing tech and trade issues, immediately cancel the wrong decisions, remove the restrictions on investments in China and create an enabling environment for China-U.S. business cooperation. 

China will follow the developments closely and resolutely safeguard our rights and interests, the spokesperson added.

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