China calls for fair treatment of its companies in takeoversStaff Writer | July 6, 2016
China called on other countries to treat its companies "objectively and fairly" in overseas acquisitions bids as Chinese Midea looks set to secure a controlling stake in German robotics company Kuka.
Chinese acquisitions Chinese companies acted independently
"We hope that all countries can treat overseas mergers and acquisitions by Chinese enterprises objectively and fairly, and give fair treatment to these kinds of normal business activities, and also create a transparent and reasonable business environment," said Chinese Foreign Ministry spokesman Hong Lei in a briefing.
He said Chinese companies acted independently in terms of their business decisions, including overseas acquisitions.
Kuka already sells 25 to 30 percent of its robots in China, the firm's chief has said. ■