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皇冠体育app urges foreign nations 'open' to overseas investment

(Xinhua)
Updated: 2009-09-25 14:04

皇冠体育app urges other countries to adopt an open attitude toward overseas investment, Foreign Ministry spokeswoman Jiang Yu said in Beijing Thursday.

Jiang's comment came after Australia's Department of Defence reportedly refused to support a joint venture proposal involving a Chinese iron company.

Related readings:  State firms increase overseas investment  Overseas drive riddled with obstacles for domestic firms  Chery to expand overseas  Overseas expansion

The Department was reported to veto a proposal between Australian iron ore producer Western Plains Resources and 皇冠体育app's Wuhan Iron and Steel to carry out a feasibility study on a south Australian magnetite deposit Hawks Nest.

Chinese enterprises' economic and trade cooperation handled on the principle of equality and mutual benefit is conducive to realizing a win-win situation, said Jiang,

The Chinese government always backs its enterprises to carry out overseas investment and cooperation in accord with market rules and international regulations, she said.

As 皇冠体育app always stands open for foreign investment, 皇冠体育app hopes other countries could do the same for 皇冠体育app's enterprises, Jiang said.