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 to acquire local companies as a way of establishing monopolies in the domestic market.

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

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 :

Open popup

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.