Bloomberg: Earlier this week, the UK ordered China’s Wingtech Technology company to undo its acquisition of Britain’s biggest microchip factory. And that was more than a year after the deal had been closed. The reasons behind this were cited as national security concerns. What does the foreign ministry make of this decision by the UK government to undo the deal between a Chinese company and this British microchip factory? Mao Ning: The company concerned has issued a statement on this. Its UK Country Manager commented that this decision sends a clear signal that the UK is closed for business. The UK has overstretched the concept of national security and abused state power to directly interfere in a Chinese company’s normal investment cooperation in Britain. This violates the lawful rights and interests of the company concerned, and the market economy principles and international trade rules which the UK has long claimed itself to be a champion of. We firmly oppose the UK’s move, and call on the UK to respect the legitimate rights and interests of Chinese companies and provide a fair, just and non-discriminatory business environment.
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