Weaponizing of investment policy is not going to 'make America great again'

Although the White House claims the so-called National Security Presidential Memorandum signed by US President Donald Trump on Friday is aimed at promoting foreign investment while protecting the United States' national security interests, its true purpose is to direct the Committee on Foreign Investment in the United States to restrict Chinese investments in strategic areas, and to obstruct US investment flowing to key sectors of the Chinese economy.

As the Chinese Ministry of Commerce said in a statement, the "discriminatory" and "unreasonable" move will distort the investment exchanges between the two countries, seriously undermine the confidence of Chinese companies in the US market and cause US companies to cede their Chinese market to other competitors.

The US president's China-targeted investment restrictive measures show that his administration will continue its predecessor's flimflam of saying one thing while doing another in its China policy.