BEIJING (Reuters) – China will import even more high-quality products and services from France and believes the European country will provide a fair
BEIJING (Reuters) – China will import even more high-quality products and services from France and believes the European country will provide a fair business environment for Chinese firms, China’s foreign minister Wang Yi said on Monday.
At a joint press event with his French counterpart, Stephane Sejourne, Wang also said China hoped that de-risking was not targeted at specific countries and should not violate WTO rules.
“De-coupling with China is the biggest risk,” Wang said.
Europe has been pursuing a de-risking strategy and reducing dependency on China to retain its industrial edge and competitiveness.
(Reporting by Laurie Chen; Writing by Bernard Orr; Editing by Alison Williams)
Foreign investment refers to the investment made by individuals or entities in one country into assets or businesses located in another country, often to gain a financial return.
Business regulation encompasses the laws and rules that govern how businesses can operate, including compliance with safety, environmental, and financial standards.
WTO rules refer to the guidelines established by the World Trade Organization that govern international trade practices to ensure fair competition and trade liberalization.
De-risking is a strategy employed by businesses and financial institutions to reduce their exposure to risk, particularly in international markets or with specific countries.
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