German industry sceptical of China's vow to treat foreign firms equally

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Watch onFRANKFURT/BERLIN - A fresh pledge by Beijing to treat foreign companies like domestic rivals drew a cool response from one of its biggest trading partners, Germany, where industries called for concrete actions rather than words to create a true level-playing field.Germany's engagement in the world's No.

In a bid to attract more foreign money, Chinese Vice Commerce Minister Guo Tingting told the China Development Forum in Beijing that the country would"fully guarantee national treatment for foreign companies", without elaborating further. AstraZeneca declined to comment and Pfizer confirmed Bourla attending China Development Forum and speaking on a panel at the Invest in China Summit, but declined to comment further.

 

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