China urges US Treasury to stop proposed restrictions on tech investments

Chinese officials formally requested that the United States Treasury Department reconsider proposed regulations aimed at limiting American investment in China's technology sector. The appeal, issued on Saturday, follows a Thursday announcement by the Treasury Department detailing plans to expand existing restrictions on cross-border capital flows into Chinese tech firms.

Beijing contends that these measures would negatively impact bilateral trade relations. The proposed rules represent an ongoing effort by the U.S. to curb investment in sensitive technologies, while the Chinese government's response highlights the potential for economic friction resulting from these regulatory developments.