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China vows to treat foreign firms equally amid industrial upgrade push | Hellenic Shipping News Worldwide

China vows to treat foreign firms equally amid industrial upgrade push | Hellenic Shipping News Worldwide
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Key takeaways from China Development Forum 2024-Xinhua

Key takeaways from China Development Forum 2024-Xinhua
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Economic Watch: Key takeaways from China Development Forum 2024

Economic Watch: Key takeaways from China Development Forum 2024
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China vows to treat foreign firms equally amid industrial upgrade push

For years, Western firms have complained of unequal access in China, a vast consumer market and also global supplier of raw materials and components. Western governments have expressed concern about "economic coercion", and companies have considered "de-risking" supply chains and operations away from China.

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China to safeguard equal treatment for foreign-funded firms

BEIJING (Reuters) -China pledged on Monday to treat foreign companies the same way as domestic peers in a bid to attract more foreign investment, cooperation and expertise, as Asia's largest economy moves to upgrade and strengthen its industrial chains. "China will fully guarantee national treatment for foreign companies, so that more foreign companies can invest in China with confidence and peace of mind," Vice Commerce Minister Guo Tingting said at the China Development Forum in Beijing.

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