China tells U.S. companies that they are welcome in its market

[onebyone]

SHANGHAI, Oct 19 (Reuters) - China welcomes U.S. companies to actively participate in its market and will strive to create a fair and just environment, the industry ministry said on Monday, citing a meeting it held with firms such as Qualcomm Inc and General Motors.

Xiao Yaqing, China's Minister of Industry and Information Technology, made the comments during a video meeting held with a delegation sent by the US-China Business Council, the ministry said in a statement published on is website.

Executives from the headquarters of companies like General Motors and Qualcomm attended the meeting, alongside the heads of the US-China Business Council, the statement said, adding that Xiao had also commented on how there were good market prospects in areas like 5G technology and new energy vehicles.

The meeting comes as tensions between Beijing and Washington have escalated in recent weeks particularly over issues like technology that have ensnared Chinese companies like Semiconductor Manufacturing International Corp, TikTok owner ByteDance and Tencent Holdings


The Wall Street Journal (WSJ) reported on Saturday that Chinese officials had issued repeated warnings to U.S. government officials that China may detain Americans in China in response to the Justice Department's prosecution of Chinese military-affiliated scholars.

China's foreign ministry on Monday said in response to questions about the WSJ's report that the United States was trying to play victim. (Reporting by Brenda Goh; editing by Emelia Sithole-Matarise)

China tells U.S. companies that they are welcome in its market

China welcomes U.S. companies to actively participate in its market and will strive to create a fair and just environment, the industry ministry said on Monday, citing a meeting it held with firms such as Qualcomm Inc and General Motors. Xiao Yaqing, China's Minister of Industry and Information...

www.yahoo.com

 

[Dark1]

Wow, usa is insulting and humiliating China everyday and china is welcoming American companies. Turning the other cheek , very noble of the Chinese.

 

[IceCold]

Turning the other cheek

Only a moron would believe such. In the real world its called playing smart.
Remember how the US is trying to get its companies to come home and invest back in the US, its even trying to give incentives. Now with the US blackmailing Chinese companies in the US, US companies in China were under anxiety of whats to come and how China will react, with this msg they are actually saying that US companies dont need to go anywhere else and they are welcomed in China.
This also puts dents into the dreams of many wanabe super powers trying to replace China and dreaming about becoming a hub for the US companies.
Its like killing two birds with one stone.

 

[Dark1]

Only a moron would believe such. In the real world its called playing smart.
Remember how the US is trying to get its companies to come home and invest back in the US, its even trying to give incentives. Now with the US blackmailing Chinese companies in the US, US companies in China were under anxiety of whats to come and how China will react, with this msg they are actually saying that US

Only a moron would believe such. In the real world its called playing smart.
Remember how the US is trying to get its companies to come home and invest back in the US, its even trying to give incentives. Now with the US blackmailing Chinese companies in the US, US companies in China were under anxiety of whats to come and how China will react, with this msg they are actually saying that US companies dont need to go anywhere else and they are welcomed in China.
This also puts dents into the dreams of many wanabe super powers trying to replace China and dreaming about becoming a hub for the US companies.
Its like killing two birds with one stone.

Your daleel has convinced me.
No wait, its not.

 

[tower9]

Wow, usa is insulting and humiliating China everyday and china is welcoming American companies. Turning the other cheek , very noble of the Chinese.

If one country welcomes business, investment and provides a stable environment for wealth and investors versus another country that arbitrarily persecutes companies and creates a hostile environment for business, which country do you think will succeed? These are strange times. China and the US are switching places. The US used to be the one that was confident and welcoming.

 

[Dark1]

If one country welcomes business, investment and provides a stable environment for wealth and investors versus another country that arbitrarily persecutes companies and creates a hostile environment for business, which country do you think will succeed? These are strange times. China and the US are switching places. The US used to be the one that was confident and welcoming.

Oh a old fan of the United states.
Stay safe. Xi might misinterpret your informed comment.

 

[tower9]

Oh a old fan of the United states.
Stay safe. Xi might misinterpret your informed comment.

Dude, you're deranged.

 

[Dark1]

Dude, you're deranged.

You hurt me deeply.

 

[Globenim]

US regime cries about China stealing their jobs and investment
Hindutva trolls applaud

USA regime announces to pull business out of China to stall Chinas economy.
Hindutva trolls applaud

China welcomes more American investment
Hindutva trolls: See this thread

 

[IceCold]

Your daleel has convinced me.
No wait, its not.

Its ok! Not your fault really.

 

[manga]

Google, facebook, twitter, are thy going to be allowed in china ?
If no, then china is again BSing as usual of their old habbit.

 

[925boy]

Oh a old fan of the United states.
Stay safe. Xi might misinterpret your informed comment.

you're trolling bro, i didnt expect this from you. CHina's economy is larger than the US's is TODAY. if u challenge that i will go get u the most accurate receipts to prove it. your denial doesnt change reality.

 

[Prince Kassad]

More like "China tells business they're IP address still welcome to steal in our country"

 

[dbc]

If one country welcomes business, investment and provides a stable environment for wealth and investors versus another country that arbitrarily persecutes companies and creates a hostile environment for business, which country do you think will succeed? These are strange times. China and the US are switching places. The US used to be the one that was confident and welcoming.

Laughable or perhaps completely misinformed comment. Nothing about China is open, try to move your profits out of the US and then try the same in China.
You will quickly realize which economy is more open. The US is still open and welcoming but no longer naïve about China's intentions or repeated breach of US and international laws.

Huawei is a front for the PLA according to the Pentagon [3] and independent think tanks. These reports allege links between Huawei employees [4] and Chinese Ministry of State Security. China and Chinese members can deny these reports in perpetuity - but the world isn't blind. Agreed China rarely ever publicly bans US companies but they often make it impossible for these targeted companies to operate in China - Google, CISCO, Nokia and Ericsson to name a few.

[1]
While Huawei derives nearly a quarter of its revenues from Europe, the Middle East and Africa, and is Europe's biggest mobile infrastructure supplier, Ericsson made just 7% of last year's revenues in China, and for Nokia the figure was only 8%.

[2]
China’s Ministry of Commerce is mulling export controls that would prevent Nokia and Ericsson from sending products it makes in China to other countries, the people said. One person added that this was a worst-case scenario that Beijing would use only if European countries came down hard on Chinese suppliers and banned them from their 5G networks.

[1]

China's feeble threat to Ericsson and Nokia | Light Reading

Despite its threats, China is in no position to hurt the Nordic equipment vendors in the way that US and European authorities can damage Huawei.

www.lightreading.com

[2]

WSJ News Exclusive | China May Retaliate Against Nokia and Ericsson If EU Countries Move to Ban Huawei

Beijing is considering retaliating against the Chinese operations of two major European telecommunication-equipment manufacturers, Nokia and Ericsson, should European Union members follow the lead of the U.S. and U.K. in barring China’s Huawei from 5G networks.

www.wsj.com

[3] https://time.com/5859119/huawei-chinese-military-company-list/
[4] https://www.forbes.com/sites/zakdof...lligence-agencies-report-claims/#70bf70564b24

 

[Beidou2020]

Depends which US companies. US companies won’t have a future in the China market once China has its own equivalent. Even without ban, Chinese companies will squeeze them out of the China market.

Boeing is probably the only major US company that might still have a big share of the China market by the end of the decade. Outside of Boeing I don’t see any other US companies dominating the China market like in the past. US car companies will lose. US semiconductor companies will lose. US pharmaceutical companies will lose.

China’s large consumer market gives Chinese companies the ability to become large just with the China market alone. Use the China market to grow big and use it as a platform to expand to foreign markets.