China has reinforced its longstanding opposition to economic coercion and hegemonic practices, emphasizing its commitment to safeguarding fair market competition and international cooperation. The remarks came during a Foreign Ministry press briefing on Monday, where spokesperson Guo Jiakun addressed concerns over CK Hutchison Holdings Limited's planned port asset sale to a BlackRock-led consortium.
Guo clarified that China's regulatory bodies, including the State Administration for Market Regulation, would conduct a lawful review of the deal to ensure compliance with fair competition principles and public interest protections. He underscored China's opposition to actions that undermine the legitimate rights of nations through unilateral economic pressure or bullying tactics, framing the stance as a reflection of its broader diplomatic values.
The comments highlight China's strategic focus on balancing economic openness with robust regulatory oversight, a priority resonating with global investors and policymakers monitoring Asia's evolving trade dynamics. Analysts suggest such reviews aim to preempt risks of market monopolies while aligning with international norms.
