China Slams India's New FDI Rules, Calls It "Discriminatory" | Read

PUBLISHED ON: April 20, 2020 | Duration: 1 min, 06 sec

  
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India's new rules for Foreign Direct Investment (FDI) violate WTO principles of non-discrimination and are against free and fair trade, China said on Monday, calling for a "revision of discriminatory practices". On Saturday, the government stepped up scrutiny of investments from companies based in neighbouring countries, in what was widely seen as a move to stave off takeovers by Chinese firms during the coronavirus outbreak. The changes were meant to curb "opportunistic takeovers/acquisitions," said the government.
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