A legal first in Sany's US wind farm case
Updated: 2012-10-30 16:49
(bjreview.com.cn)
|
|||||||||
"Ours is a relatively small case, but it connects to the fundamental faith of thousands of Chinese investors," Wu said.
Blocking investment from China will hurt the United States more than China, said Shen Danyang, spokesman of the Ministry of Commerce on Oct 19.
"Such moves will hurt bilateral trade ties. In fact, China's investment to the United States grew the slowest among China's major trade partners in the first nine months of the year," said Shen.
From January to September 2012, Chinese companies' outbound investment to the United States increased by 14.3 percent year-on-year, much lower than the average growth rate of 40 to 50 percent, according to data from the ministry.
"We hope the US judicial departments will handle the lawsuit fairly, justly and publicly," Shen said.
The ministry hopes the US side will refrain from politicizing trade issues and resume business as usual, he said.
Hao Junbo, a claims and litigation expert, said Chinese companies used to back away from international disputes.
"As a lawyer for Chinese companies, I know they would often react passively when their interests were challenged," Hao said.
"Sany is the first, but it will not be the last. Chinese companies are increasingly confident in dealing with legal issues," he said.
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |