China stunned by India's action on FDI
China stunned by India's action on FDI India has banned foreign direct investment (FDI) directly from China and other neighboring countries, after which China has gone mad. A spokesman for the Chinese embassy said on Monday that India's new rules for foreign direct investment from certain countries violate the WTO's non-discriminatory principle and are against the general trend of free trade. The official said that India's new policy imposing additional constraints is also against the consensus for an independent, fair, non-discriminatory and transparent environment for investment in the G20 group. Chinese Embassy spokesman Ji Rong said in a statement, "The additional barriers imposed by the Indian side to investment from specific countries violate the WTO's non-discriminatory principle, and the general tendency to liberalize and promote trade and investment Are against. It is known that the government on Saturday mandated government approval for ...