China is urging U.S.-funded companies to take concrete steps to maintain the stability of global industrial and supply chains. On Sunday, Chinese Vice Commerce Minister Ling Ji hosted a roundtable in Beijing with representatives from over 20 U.S.-funded firms, including Tesla, GE HealthCare, and Medtronic.
Ling emphasized that multilateralism is essential to address the world’s challenges, reiterating China’s commitment to opening its economy further. “China’s policy of utilizing foreign investment has not changed and will not change,” he stated, assuring that the Ministry of Commerce will continue to protect the legitimate rights and interests of foreign-invested enterprises in China, including American firms.
He expressed concern over recent U.S. tariffs on its trading partners, including China, saying these actions undermine the multilateral trading system and infringe on the rights of all countries. “The Chinese government has strongly condemned and firmly opposed the U.S. move, and has taken resolute measures to counter it,” Ling added.
Ling called on U.S.-funded companies to play a role in encouraging the United States to return to multilateral trade practices. He highlighted that China’s countermeasures aim to protect the rights and interests of both Chinese and U.S. businesses, promoting mutual cooperation and win-win outcomes.
The meeting underscored the importance of collaboration between China and U.S. enterprises in ensuring global economic stability amid ongoing trade tensions.
