Q: Foreign media recently reported that Terex terminated the acquisition negotiation with Zoomlion because "the SAFE didn't allow Zoomlion to raise funds for closing the deal". Is this true?

A: We also have noted relevant reports. Zoomlion has given explanations why the negotiation with Terex was terminated. There are no policy barriers to the deal because of foreign exchange administration, so the reports are not true to the fact.

China has increased its ODI in recent years, showing China's dramatically strengthened overall strengths and enterprises' requirements for optimizing global allocation of their assets. The SAFE has been committed to promoting administration streamlining and power delegation, supporting qualified and competent companies to go global, and improving companies' capabilities in international operation, while enhancing ongoing and ex-post monitoring and management, and cracking down on false ODIs to boost the healthy and orderly development of ODIs.