US' investment policies target China's tech drive

The United States talks a good game about "unfair" trade practices. But the actions it has taken belie its words.

On the one hand, it is demanding China open its market to US companies. On the other, it is creating obstacles for Chinese investments in the US that do not accord with the principle of fairness, equality and reciprocity that it says it is upholding.

That it is unwilling to compete on a level playing field has been revealed once again by reports that the US Treasury is reportedly considering ways to set limits on Chinese investments in the country's high-tech fields by invoking an emergency powers law and bringing forward security review reforms for corporate acquisitions.