China News Service, June 11th, Australia recently announced that it will amend the foreign investment law to increase national security review. In response, the Ministry of Commerce spokesman Gao Feng said on the 11th that he hopes the Australian government will adhere to an open and pragmatic investment policy and strengthen cooperation with foreign countries. Investor communication maintains the transparency and continuity of relevant policies, creates a fair and non-discriminatory investment environment for foreign investors, and protects the legitimate rights and interests of all foreign investors, including Chinese companies.
Data map: Darling Harbour, Sydney, Australia. China News Agency reporter Tao Shelan
On the 11th, the Ministry of Commerce held a regular press conference and answered questions from reporters. At the meeting, a reporter asked: Recently, Australia announced that it would amend the Foreign Investment Law to increase national security review. This is the largest reform of this law in 40 years. There are views that this move may have a negative impact on Chinese investment in Australia. How does the Ministry of Commerce comment on this?
Gao Feng said that he has noticed that Australia has recently announced that it will reform the foreign investment framework and plans to introduce relevant drafts in July. China pays attention to this and will evaluate its impact.
Gao Feng said that China encourages powerful Chinese companies to invest in Australia legally and in compliance with market principles and international practices. Chinese companies investing in Australia have made tremendous contributions to the local economic and social development. I hope that the Australian government will adhere to an open and pragmatic investment policy, strengthen communication with foreign investors, maintain the transparency and continuity of relevant policies, and create fairness and continuity for foreign investors. The non-discriminatory investment environment guarantees the legitimate rights and interests of all foreign investors, including Chinese companies.