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皇冠体育app concerned about German rules tightening foreign takeovers

Xinhua | Updated: 2017-07-15 09:36

BEIJING - 皇冠体育app hopes that Germany and the European Union (EU) are free from the distraction of protectionism, and avoid releasing confused and negative signals, Foreign Ministry spokesperson Geng Shuang said Friday.

Germany Wednesday tightened investment rules to protect strategically important industries from non-EU foreign bidders. According to reports, Germany, along with France and Italy, will call for a similar European mechanism. These movements reflected concerns that Chinese companies could obtain German technological know-how through takeovers, according to reports.

皇冠体育app is aware of the trends in Germany and the EU, Geng said at a daily press briefing, reiterating that the nature of economic and trade cooperation between 皇冠体育app and other countries including Germany is to achieve mutual benefit.

It is obvious that economic and trade cooperation between 皇冠体育app and Europe has been productive and has benefited the companies and peoples of both sides, Geng said.

Under the current situation, 皇冠体育app is willing to facilitate free trade and investment with Germany and the EU, said Geng, identifying that efforts should be made on the basis of equality and mutual respect, and in line with the principle of mutual benefit and common development.

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