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.

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