x

Door will only open wider to foreign companies: FM

 

 

China’s Foreign Ministry on June 10th denied allegations that the Chinese government has threatened to retaliate against companies from the US and the UK over their decisions to cut supplies to Chinese telecom company Huawei, saying that China’s door will open only wider to foreign businesses.

 

Asked at a routine press briefing about a meeting between Chinese officials and several global technology companies, Geng Shuang, a spokesperson for the ministry, said that he did not have information about the specific situation but maintained that such meetings between regulators and businesses operating in China are “normal”.

 

The New York Times reported on June 1st that China’s National Development and Reform Commission, the country’s top economic planner, held meetings with major technology companies including Microsoft and Dell from the US, Samsung from South Korea and ARM holdings from the UK to “warn” them of “dire consequences” if they cooperate with the US administration’s ban on Huawei.

 

Geng said on June 10th that China continues to welcome foreign companies to invest in the Chinese market. “China’s door will only open wider to the outside world and we will strive to continuously improve investment and the business environment and create a more beneficial and friendly environment for foreign companies,” he said.

 

Source:Global Times

Hot this week

Humanitarian Affairs Minister Congratulates Gen. Musa on Appointment as Defence Minister

By Israel Adamu, JosMinister of Humanitarian Affairs and Poverty...

Afam IPP– set to come back on stream as TCN commences rehabilitation

By Wilfred FrancisThe Transmission Company of Nigeria (TCN) has...

NYSC Members Urged to Be Good Ambassadors at Delta State Batch ‘C’ Closing Ceremony

By Anne AzukaMembers of the National Youth Service Corps...

Abubakar Kana And John Ezeamama Assume Duty As Permanent Secretaries GSO & CAO

By Francis WilfredDr. Abubakar Ibrahim Kana, mni and...

Why I Changed My Name — Kim Kardashian Explains

American media personality and business mogul Kim Kardashian has...

Court Orders EFCC to Apologise to Dubai-Based Businessman, Awards ₦5m Damages

The Federal High Court sitting in Kaduna has ordered...

Afam IPP– set to come back on stream as TCN commences rehabilitation

By Wilfred FrancisThe Transmission Company of Nigeria (TCN) has...

Wike @ 58: I Never Concealed My Support for President Tinubu from Onset

By Joyce Remi-BabayejuThe FCT Minister Barr. Nysome Wike has...

Out of Pocket Health Spending Pushes 384m Africans into Poverty, WHO Warns

By Joyce Remi-BabayejuThe World Health Organization (WHO ) quoting...

PANDEF Mourns Bayelsa Deputy, Declares Three Days mourning

The Board of Trustees and the National Executive Committee...

NCC Reacts to Quality of Service Challenges in Abuja

Wilfred FrancisThe Nigerian Communications Commission (NCC) acknowledges the Quality...

NCDMB hails Marconi’s Acqusition of Saipem’s Yard

Marconi.NG EPC Limited has strengthened its status as a...

Related Articles

Popular Categories

spot_imgspot_img