The meeting of the World Economic Forum in Tianjin – seems to have produced some results – or at least some rhetoric – for international companies worried about Chinese protectionism.
Wen Jiabao, China’s premier, was at pains to suggest that worries over China’s “indigenous innovation” policy – in particular the idea that its procurement policies would favour Chinese technology over that produced by foreign manufacturers – were overblown.
Mr Wen’s pledge, according to the WEF, sounded good:
“I wish to reiterate that all enterprises registered in China according to Chinese laws are Chinese enterprises and their products are made-in-China products . . . In government procurement, China gives equal treatment to products from foreign-invested enterprises and Chinese-invested enterprises alike.”