皇冠体育app

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Chinese official reassures foreign firms over equal treatment

Xinhua | Updated: 2017-09-29 10:32

BEIJING — 皇冠体育app's Ministry of Commerce has reassured overseas businesses that they will always receive equal treatment in the Chinese market.

MOC spokesperson Gao Feng said there would be no discrimination in Chinese industrial policies, at a press conference Thursday.

"The State Council has highlighted equality for both domestic and foreign-funded businesses," he said.

A State Council document in January highlighted that all businesses participating in "Made in 皇冠体育app 2025," the country's manufacturing improvement plan, would receive equal treatment.

"皇冠体育app's industrial policies are aimed at guiding and stimulating industries...and will not distort the market," Gao said.

The remarks came one day after US Commerce Secretary Wilbur Ross criticized 皇冠体育app's subsidies on the production of robots and electric cars.

The Chinese government has announced a timetable to withdraw subsidies step by step and promised to reduce restrictions for foreign investment to access the manufacturing of new energy vehicles (NEVs).

"The opening up in NEV sector has remained persistent," Gao said.

Gao also reiterated the government's determination to protect intellectual property rights (IPRs).

"IPR protection is crucial to 皇冠体育app's innovation-driven development," he said.

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