China has once again declared its unwavering opposition to economic coercion and hegemonism. On Monday, Foreign Ministry spokesperson Guo Jiakun addressed concerns surrounding CK Hutchison Holdings Limited’s planned sale of certain port assets to a BlackRock-led group.
“We have taken note of relevant reports,” Guo stated during a regular press briefing. “The State Administration for Market Regulation is aware of the deal and will conduct a review in accordance with the law to ensure fair market competition and protect public interests.”
Guo emphasized China’s firm stance against any actions that infringe upon or undermine other countries’ legitimate rights and interests through economic coercion, hegemonic practices, or bullying. “China has always firmly opposed the use of economic coercion and bullying,” he said.
The reaffirmation comes amid global discussions on fair trade practices and market competition. China’s commitment to upholding equitable standards reflects its dedication to fostering a fair international economic environment.
