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QINGDAO TODAY
在线翻译:
szdaily -> Business/Markets -> 
Premier pledges to open up further
    2019-03-27  08:53    Shenzhen Daily

PREMIER Li Keqiang reaffirmed China’s pledge to further open up to foreign investment as he met with global business executives, and sought to assure them that the rights of foreign firms would be protected.

China is committed to providing foreign investors and companies with a more open and transparent business environment, along with guarantees of intellectual property rights protection and no forced technology transfers, Li told the executives on the sidelines of the China Development Forum.

Noting that China’s national legislature recently passed the foreign investment law, Li said such a move was aimed at better protecting foreign investment in China through legal means.

Top executives from Daimler, IBM, BMW, Pfizer, Rio Tinto met with Li at the close of the three-day forum, according to a statement on the government’s website late Monday.

During the meeting, Dieter Zetsche, chairman of the board of management of Daimler AG, IBM chairman Ginni Rometty, BMW CEO Harald Krueger, Pfizer CEO Albert Bourla and Rio Tinto chief executive Jean-Sebastien Jacques put forward questions to the Chinese premier, to which Li respectively gave replies.

The premier also answered questions on Sino-U.S. trade relations, but the statement did not elaborate.

“China encourages the development of new technologies and industries to create space for innovation and development,” Li told the global executives.

China will not allow innovation to be “killed” just as it emerges, Li said.

The premier also sought to assure the executives that China will be able to withstand pressure on its economy.

China will keep the economy growing within a reasonable range, he said. Li pledged to use the reform and opening up as a driving force to further stimulate market vitality to ensure the healthy development of the Chinese economy.

The government is targeting economic growth of 6-6.5 percent this year.

Instead of expanding the deficit and relaxing the monetary policy, China will roll out measures focusing on the market, said Li.

The representatives expressed their confidence in the Chinese market, saying they will expand trade and investment in China so as to better share the opportunities of the country’s development.(SD-Agencies)

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