China's NDRC Clarifies It Never Banned Foreign Investment in Tech Companies

According to China's National Development and Reform Commission (NDRC) on May 22, the government has never required Chinese technology enterprises to reject foreign investment. At a press briefing, NDRC Policy Research Office Deputy Director Li Chao emphasized that opening-up is China's fundamental policy and the country supports tech firms in integrating into global innovation networks through mutually beneficial international cooperation.

Li Chao noted that foreign investors must comply with Chinese laws and regulations and must not harm national security or interests. The government will continue implementing the Foreign Investment Law and its implementation rules while optimizing the business environment and strengthening risk management.