The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021.
REUTERS/Brian Snyder/File photo Acquire Licensing RightsSINGAPORE, Sept 29 (Reuters) - China's international trade council has formally asked the United States to "carefully consider" rules that ban or restrict U.S. investments in China's tech sector, state television reported on Friday.
"That not only gives rise to transaction risks and compliance cost...but also damages the highly inter-dependent global industrial chain," the chamber added.
Biden's order was aimed at protecting national security and preventing U.S. capital from aiding China's military.
Reporting by Chen Aizhu; editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.
Persons:
Brian Snyder, Joe Biden, ,, Chen Aizhu, Miral
Organizations:
REUTERS, Rights, China Council, Promotion of International Trade, Ministry of Commerce, Thomson
Locations:
United States, China, Chinatown, Boston , Massachusetts, U.S, Rights SINGAPORE