NEW DELHI: China on Monday criticised India for tweaking its foreign direct investment rules to prevent the opportunistic takeover of Indian firms as covid-19 pandemic ravaged the economy, saying the move violates World Trade Organisation rules.
Chinese embassy spokesperson Ji Rong said in a statement that the “barriers set by Indian side for investors from specific countries violate WTO’s principle of non-discrimination, and go against the general trend of liberalization and facilitation of trade and investment." “More importantly, they do not conform to the consensus of G20 leaders and trade ministers to realize a free, fair, non-discriminatory, transparent, predictable and stable trade and investment environment, and to keep our markets