In an interview to CNBC on Wednesday, United States Secretary of the Treasury Steven Mnuchin said that China will not be "singled out" with the new policy on foreign purchases of "critical" technologies from the US. Earlier, he confirmed that no restrictive policy against Chinese investment in the US is in the works.
The US Treasury will be able to block US-China joint ventures if it determines that the aim is to transfer critical technologies out of the country, Mnuchin noted.
In a White House statement released earlier, US President Donald Trump said he would enforce the new legislation on the Committee on Foreign Investment in the United States’ (CFIUS), which is meant to strengthen the body and allow oversight of foreign purchases of sensitive technology, after it becomes law.
