China official warns on ‘malicious’ foreign takeovers-Mure Dickie

From the Finantial Times (link)

The head of China’s statistics bureau has called for action to limit “malicious” moves by multinational companies to acquire local companies as a way of establishing monopolies in the domestic market.

In an interview with the official Xinhua news agency published by newspapers on Wednesday, Li Deshui, head of the National Bureau of Statistics, said untrammelled access for foreign companies could threaten China’s “economic security and national sovereignty”.

Mr Li’s warning highlights heated debate within official and academic circles in China about the degree to which the economy should be opened to foreign and private participation.

Categories :

Tags :

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.