Recently, the United Kingdom, the United States and other countries have successively strengthened investment security reviews. Australia has also announced that ZTE and Huawei are prohibited from participating in 5G network construction. In response, the spokesperson of the Ministry of Commerce Gao Feng said that China will continue to encourage and support qualified, reputable, and powerful Chinese companies to go global, and at the same time, safeguard the legitimate rights and interests of Chinese companies in the countries where they invest.
At a regular press conference held by the Ministry of Commerce on the 30th, a reporter asked: Recently, the United Kingdom, the United States and other countries have successively strengthened investment security reviews. Australia has also announced that ZTE and Huawei are banned from participating in 5G network construction. How much will this be? Affect Chinese companies "going out"? What countermeasures will the Ministry of Commerce have?
Gao Feng responded to this. Recently, individual countries have introduced laws, regulations or measures that have tightened the review of foreign investment. Some foreign investment projects of Chinese investors have been affected as a result. China is concerned about this and will closely follow the development of the situation. Assess the impact of relevant national initiatives on China's foreign investment.
We have noticed that the tightening of security reviews of foreign investments can easily cause global investors to worry about the country’s investment environment, especially the abuse of security reviews.
The development of China's foreign investment is an inevitable product of China's economic development to a certain stage, and it is also an important part of achieving high-quality development of my country's economy. We believe that the general trend of Chinese companies going global will not change, the desire to achieve mutual benefit and common development with the host country will not change, and the efforts to promote global economic growth and benefit the people of the host country will not change.
We will continue to encourage and support qualified, reputable, and powerful Chinese companies to go global, carry out foreign investment in accordance with market principles and international practices, continue to promote the liberalization and facilitation of investment, and safeguard the legitimate rights and interests of Chinese companies in the investment destination countries. Create an open and fair competitive environment for enterprises.
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