CHINA Chinese FM denies intention to manipulate US enterprises’ values

CHINA

Chinese FM denies intention to manipulate US enterprises’ values

By Zhang Tong | People's Daily app

18:59, October 10, 2019

China does not intend to manipulate American enterprises' values and will always welcome foreign companies, including American companies, to invest in China, a foreign ministry spokesperson said on Thursday. 

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People walk in the exhibition hall of the 125th China Import and Export Fair in Guangzhou, south China's Guangdong Province, April 15, 2019. (File photo: Xinhua)

On the outcry triggered by the erroneous remarks of the general manager of the Houston Rockets on Hong Kong, China was accused by some US officials and media of manipulating US companies by forcing them to abandon their own values.

"Our policy of creating a sound environment for foreign investment in China will not change, and the policy of protecting the legitimate rights and interests of foreign companies in China will not change," spokesperson Geng Shuang said at a daily press briefing, adding that China will uphold an open and inclusive attitude and actively interact with the international community on the basis of mutual respect, equality, mutual benefit and win-win strategy. China always welcomes foreign institutions and individuals to China for exchanges and cooperation, Geng said.

The business environment for foreign investment in China has improved in recent years. Geng cited recent data on foreign investment and companies in China, which show that 97 percent of US companies in China run profitably and 74 percent of AmCham China member companies plan to further expand their investment in China.


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