China’s plea for fair and equal treatment abroad
Print Edition
China's top state-owned enterprises regulator has called on other countries to treat Chinese investment fairly and equally.
“It’s understandable that all countries conduct investigations into foreign investment, but they should give equal treatment to all foreign investors, not discriminate,” said Xiao Yaqing, head of State-owned Assets Supervision and Administration Commission.
Globalization is here to stay, and free trade and investment will benefit the people, Xiao told reporters on Saturday, adding that foreign investment by Chinese state-owned enterprises is market driven.
China's central SOEs had 9,112 overseas branches by the end of last year, in 185 countries and regions with a total asset volume of about 7 trillion yuan (US$1.1 trillion).
China will encourage SOEs to expand their business overseas. In going global, it's not just about competition. There should be more cooperation to seek mutual beneficial outcomes, Xiao said.
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