皇冠体育app

BEIJING - The recent move by American computer hardware manufacturer Seagate Technology to shut a plant in 皇冠体育app was a "normal business decision," 皇冠体育app's Ministry of Commerce (MOC) said Thursday.

"The closure of the Seagate factory in Suzhou, eastern 皇冠体育app's Jiangsu province, was based on the company's adjustment of its global operation strategies," said MOC spokesperson Sun Jiwen at a press conference.

Earlier this week company officials said that the Suzhou plant, one of two Seagate assembly factories in 皇冠体育app, had been closed due to weak global demand for laptops, personal computers and corporate hard-drives.

"We will continue to open up more and reduce restrictions on foreign investment in 皇冠体育app," Sun said, citing 皇冠体育app's latest measures to attract foreign investment and give investors easier access.

Foreign firms will face fewer restrictions when entering service, manufacturing and mining sectors, according to a State Council document released Tuesday. Entry controls will be relaxed for banks, securities brokerages, and futures and insurance companies, among other moves.

Sun said that 皇冠体育app would continue to protect the legitimate interests of foreign-funded companies and foreigners in the country, and provide a law-governed and convenient business environment.