BEIJING: China will closely follow the legislative process of the European Union (EU)’s proposed Industrial Accelerator Act, carefully assess its impact on Chinese interests and firmly safeguard the legitimate rights and interests of Chinese enterprises, the Commerce Ministry says.
The European Commission released a proposal last Wednesday that introduces a series of restrictive measures on foreign investment in emerging strategic industries.
The ministry described these measures as serious investment barriers and institutional discrimination, stating that they violate the most-favoured-nation principle and raise uncertainty for Chinese investment in the EU. China expresses serious concern over the issue, it said. — Xinhua/ANN
