Saturday, August 14, 2010

BLOCKING INVESTMENTS WILL SOUR TIES: CHINA

Accusing India and US of following protectionist policies, China said any attempt to politicize outbound investments by Chinese firms or "abuse" investment protection tools to protect domestic industries would hurt bilateral ties. Naming India and the US among other countries, the Chinese Commerce Ministry spokesman Yao Jian said that such abuse will sour trade and investment relations with China, as well as dampen the confidence of the country's outbound direct investment (ODI).

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