China's investigation into FedEx Corp over misdirected mail should not be regarded as retaliation against the US company, state news agency Xinhua said on Sunday, amid worsening relations between China and the United States. The inquiry was aimed at sending a message that any economic entity in China should abide by the country's laws and regulations, it said in a commentary.
"China is willing to share the opportunities in its courier market with foreign investors. Undermining Chinese clients' legitimate rights and interests, however, is not acceptable," Xinhua said. China launched an investigation into FedEx Corp on Friday over parcels delivered to the wrong address, without giving details about the deliveries in question.