BASF slams China's market hurdles
The chief executive of German chemical giant BASF SE Saturday criticized China for limiting foreign companies access to its markets,reported DPA.
At a meeting of German and Chinese business executives, also attended by Chinese Premier Wen Jiabao and visiting German Chancellor Angela Merkel, Jurgen Hambrecht spoke of "forced disclosure of know-how" in exchange for investment decisions affecting foreign companies in China.
"That does not exactly correspond to our views of a partnership," Hambrecht said at the meeting in Xi'an in north-western China, and urged open markets.
Wen reiterated that he welcomed German investment in China and asked the German manager to calm down, promising a close examination of BASF's case.
Hambrecht said his gripes were about 1-billion-dollar BASF project in Chongping city, where the company plans to produce precursors for plastics.
Wen also stressed past good cooperation with BASF, saying the government created good conditions for entering the Chinese market with a "fair and stable" atmosphere.