China says it's concerned about America's plans to restrict foreign investment into the world's largest economy. The ministry of commerce said its following developments closely, but that it FIRMLY opposes Washington's policy of unilateral trade protectionism. CGTN's Ren Xueqian has more.

The United States has decided not to single out China in its policy to impose limits of foreign investment. Instead, the Trump Administration is asking Congress to pass a bill that will give more power to what's know as the "Committee on Foreign Investment" -- an inter-agency body which reviews transactions that could result in an American business being controlled by a foreigner and possibly compromise America's national security. However, China has played down Washington's rationale.

GAO FENG SPOKESMAN, MINISTRY OF COMMERCE "China is closely monitoring developments and is assessing their potential impact on Chinese companies. We believe that major economies should facilitate investment flows and oppose using national security concerns as an excuse to tighten foreign investment. We know certain states in the US welcome Chinese investment, and have also expressed concern over their country's unstable investment policies."

Washington has been critical of China's trade practices for some time and this bill is likely to help the Trump Administration combat what it calls "predatory investment practices" that could challenge America's technological prowess.

A recent White House report went even further, saying China's trade practices threatened the future of technology and intellectual property, not only in the US, but around the world. China slammed the report's content as being unfounded, and argued it was fully behind the process of economic globalization.

GAO FENG SPOKESMAN, MINISTRY OF COMMERCE "We believe that anyone who has knowledge of globalization and modern economics will disagree with the White House report. It ignores the mutually beneficial, win-win cooperation between US and Chinese enterprises. China will continue its support for and participation in the process of economic globalization, and we welcome investors from around the world to invest in China."

Gao later added that throughout its 40 years of reform and opening up, China has promoted the construction of a market economy, strengthened property rights protection, and improved the structure of its legal system. He said these have helped create a bigger and more regulated market for domestic and foreign businesses alike. RXQ, CGTN, BJ.