China calls on EU not to hurt enterprises' investment confidence

marketscreener
2026.01.19 11:54
portai
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China's foreign ministry urged the EU not to undermine investment confidence following reports of a proposal to phase out Chinese suppliers from critical infrastructure. The ministry criticized the move as "naked protectionism" and called for a fair business environment for Chinese firms. The EU's proposal, which targets companies like Huawei and ZTE, is part of a broader strategy to reduce reliance on Chinese enterprises in key sectors. China warned that politicizing trade could hinder technological progress and economic growth.