Foreign companies abiding by Chinese laws welcome to Chinese market: FM Spokesperson

2023-05-23 Editor : Zhao Li ECNS App Download

(ECNS) -- Foreign companies and their products are welcome to the Chinese market as long as they abide by Chinese laws and regulations, Chinese Foreign Ministry spokesperson Mao Ning said on Monday.

Mao made the comment at a regular news briefing when asked about whether China will look into companies of other countries, for example, the ROK, for cyber security risks after the Cyberspace Administration of China restricted the purchasing of products by U.S. semiconductor maker Micron Technology.

China’s competent authorities have released information on the cybersecurity review on products sold in China by Micron Technology, Mao said. She stressed that China is a country under the rule of law, and businesses operating in China need to conform with Chinese laws. Judicial authorities investigate offences in accordance with the law.

Mao pointed out that China is firmly committed to advancing high-level opening up and fostering a market-oriented, law-based and internationalized business environment.

“The U.S. has coerced other countries into imposing export restrictions on China for the sole purpose of maintaining its hegemonic interests. Such practice runs counter to the market economy principles and international trade rules, destabilizes global industrial and supply chains, and serves no one’s interest,” Mao said.

“It not only hurts the interest of Chinese companies but also that of relevant sides and companies concerned. We firmly oppose this,” she added.

It is hoped that the governments and companies of relevant countries will work together with China to jointly safeguard the multilateral trading system and keep global industrial and supply chains stable, the spokesperson said.

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