China tries to ease retaliation fears with pledges to help foreign businesses weather trade war
Source: Politico
By AMANDA LEE | SOUTH CHINA MORNING POST 07/05/2018 08:26 AM EDT
This story is being published for POLITICO as part of a content partnership with the South China Morning Post. It originally appeared on scmp.com on July 5, 2018.
The Chinese government has said it will protect the “legitimate interests” of foreign businesses in China and lessen the fallout from a China-U.S. trade war, in an apparent attempt to ease fears that Beijing could single out U.S. businesses for retaliation.
Asked on Thursday whether China would target U.S.-funded businesses in China to counter U.S. restrictions on Chinese products, Chinese Ministry of Commerce spokesman Gao Feng said it was not part of Beijing’s plan and, instead, China might compensate foreign businesses for losses from a trade war.
“As for possible impacts on businesses from the trade war initiated by the United States, we will keep assessing the situation and make efforts to help [foreign] businesses to mitigate any possible impacts,” Gao said.
“In the past few decades, China has always been one of the most popular markets for foreign investors. It is not only because of China’s large market size, but it is also because the Chinese market is stable, rational and committed to the rule of law.”
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https://www.politico.com/story/2018/07/05/china-ease-trade-retaliation-fears-670334
Read more: https://www.politico.com/story/2018/07/05/china-ease-trade-retaliation-fears-670334
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