China vows to stay 'safe and promising land' for foreign investment

Employees working on a production line of caps that will be exported to the United States at a factory in Suqian, in eastern China's Jiangsu province on April 7, 2025. - AFP

BEIJING: A top Chinese official has vowed to protect US firms and pledged his country will remain a "promising land" for foreign investment, Beijing said Monday (April 7), after it slapped 34 per cent tariffs on US imports.

China retaliated last week against levies at the same level announced by US President Donald Trump on what he called "liberation day".