EU may cut back on foreign direct investment

In response to the European Union's new framework for investment screening, China urged the bloc on Monday not to take a protectionist path that discriminates against foreign investment.

Such a move was proposed last week by EU President Jean-Claude Juncker.

Juncker's proposal for a new investment screening framework is expected to grant EU members the power to interfere with foreign direct investment cases regarding strategic assets, especially those under State-controlled or financed enterprises.