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China to facilitate welcoming business environment: Commerce Ministry

By Ren Xiaojin and Zhong Nan | | Updated: 2019-05-23 16:30
A bird's-eye view of the central business district in Beijing. [Photo/VCG]

China will further open and reform its markets, as well as facilitate a predictable business environment to help companies improve their ability to respond to risks, said the Ministry of Commerce.

The ministry made the remarks after the United States government late last week ordered its tech companies to cut ties with China's Huawei and put a number of Chinese companies on an export blacklist , which makes it almost impossible for listed companies to purchase US-made goods.

Gao Feng, ministry spokesman, said China will provide consumers in various countries with quality, reliable and diverse products.

The Chinese government is confident it will protect the legitimate rights and interests of Chinese companies, he said Thursday at a news conference.

The misuse of the state power by the US to suppress Chinese companies not only seriously undermines the commercial cooperation between companies on both sides, but poses a serious threat to the safety of the global industrial chain, he said.

He said China firmly opposes this and hopes that the US will remain rational and correct such dangerous practices.

China in the meantime will follow the situation closely and be prepared for future change, he said.

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