$Hang Seng Index (800000.HK)$ CHINA｜WANG WENTAO: “MITIGATION...

$Hang Seng Index(800000.HK)$ CHINA｜WANG WENTAO: “MITIGATION” OF FOREIGN INVESTMENT ENTRY AND “ADDITION” TO OPTIMIZE THE BUSINESS ENVIRONMENT

Minister of Commerce Wang Wentao met with a delegation led by Chairman of the Board of Directors of the China-China Trade Commission.

WANG WENTAO SAID THAT THE TWENTY-THIRD CHINESE GENERAL MEETING OF THE CHINESE COMMUNIST PARTY, WHICH HAS JUST CLOSED, WILL DEPLOY SYSTEMS TO FURTHER DEEPEN REFORMS AND PROMOTE CHINESE-STYLE MODERNIZATION. A high level of socialist market economy is an important safeguard of Chinese-style modernisation. Openness is the hallmark of Chinese-style modernisation. The Chinese will stick to the basic policies of external open country, promote open reforms, build a new system of higher levels of open economy, “reduce” the entry of foreign investment and optimise the business environment of “Addition”. Companies from all countries, including US companies, are welcome to continue to deepen the Chinese market and share development opportunities.

Responding one by one to the specific concerns of US companies, Wang Wentao expressed his stance on issues such as national security borders in economic and trade areas, and the imposition of tariffs on the US and China. He stressed that US investment restrictions on China will seriously affect US companies' investment operations in China.