CHINA China urges US to treat Chinese investment in US companies objectively

CHINA

China urges US to treat Chinese investment in US companies objectively

CGTN

02:14, June 26, 2018

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(Photo: CGTN)

China urges the US to treat the business actions of enterprises objectively and create a good, fair, and predictable investment environment for Chinese enterprises to invest in the US, Chinese Foreign Ministry spokesman Geng Shuang said at a regular press briefing on Monday. 

The remarks came after reports that the US is planning to use an emergency law to restrict companies with at least 25 percent Chinese ownership from buying US companies that contain what the White House terms "industrially significant technology."

The Chinese government encourages Chinese enterprises to follow the market rules and the international rules, and to carry out external investment and cooperation by obeying local laws, Geng said, adding that the nature of the economic and trade invest cooperation between China and the US is the win-win cooperation.

Geng also said that the investment from Chinese enterprises has created a large number of jobs and tax revenues, and has brought funds and market channels for the US to expand external businesses.

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