China’s premier promised Wednesday to open the world’s No. 2 economy wider to foreign companies, promising favorable conditions despite a wave of anti-monopoly investigations that business groups say might be aimed at limiting competition.
Speaking at a business conference, Premier Li Keqiang made no mention of the probes against foreign automakers, drug and technology suppliers and other companies. The U.S. Chamber of Commerce said in a report this week the investigations unfairly target foreign companies and might be a violation of Beijing’s free-trade pledges.
“We oppose protectionism in all its forms,” the premier said at the World Economic Forum in the Tianjin, east of Beijing. “We will continue to pursue a more proactive strategy of opening up.”
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Joe McDonald, Associated Press via CHINA US Focus http://ift.tt/1qhVtrX
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