China supports enterprises to defend legitimate rights overseas: minister

BEIJING, March 8 (Xinhua) -- Commerce Minister Chen Deming said Friday the Chinese government supports domestic firms investing overseas to safeguard their legitimate rights according to laws.

Chen said recipient countries should help create a more transparent and just environment to boost the confidence of foreign investors.

The minister made the remarks in response to a media query about China's Sany Group's recent suit against U.S. President Barack Obama, at a press conference in Beijing.

Some legislators of developed countries still use the "cold war mentality" when assessing Chinese companies' overseas investment, Chen said.

"For every three Chinese yuan planned to be invested in the U.S., only one yuan would be approved by the U.S. authorities," said Chen.