US Tsy Sec Mnuchin: we are not singling out China on investment restrictions

US Treasury secretary Steven Mnuchin, speaking to CNBC TV this Wednesday, said that the US is not singling out China on investment restrictions.

Key quotes:

   •  Changes to CFIUS is an attempt to strengthen investment controls.
   •  No significant economic impact to arise from the decision.
   •  Certain countries will receive heightened review under changes to CFIUS.
   •  If Congress doesn't pass CFIUS legislation quickly, Trump can direct Treasury through an executive order to apply the same provisions.