Li prom­ises trans­par­ent mar­ket

China Daily (Canada) - - FRONT PAGE - By HU YONGQI in Bei­jing huy­ongqi@chi­nadaily.com.cn

Premier Li Ke­qiang has vowed to cre­ate a fair, equal and trans­par­ent mar­ket en­vi­ron­ment for for­eign in­vestors.

The premier made the re­marks on Tues­day when meet­ing the 15 pres­i­dents and chief ex­ec­u­tive of­fi­cers of multi­na­tional cor­po­ra­tions at­tend­ing the Fourth Global CEO Coun­cil Round Ta­ble Sum­mit, hosted by the Chi­nese People’s As­so­ci­a­tion for Friend­ship with For­eign Coun­tries.

“The Chi­nese gov­ern­ment will take more mea­sures to at­tract for­eign in­vestors by cul­ti­vat­ing a mar­ket which is more fair, equal and trans­par­ent,” he told the busi­ness lead­ers.

Li said China is re­struc­tur­ing and up­grad­ing its econ­omy and the ser­vice sec­tor and con­sump­tion con­trib­ute more than half of the na­tion’s eco­nomic growth.

He said enor­mous mar­ket po­ten­tial ex­ists in sec­tors such as telecom­mu­ni­ca­tions, health­care and sports to pro­vide new op­por­tu­ni­ties for multi­na­tional cor­po­ra­tions.

“As the largest de­vel­op­ing coun­try, China is un­der­go­ing in­dus­tri­al­iza­tion and ur­ban­iza­tion and has great po­ten­tial to be one of the most at­trac­tive des­ti­na­tions for for­eign in­vest­ments.”

The 15 busi­ness lead­ers are the heads of For­tune 500 com­pa­nies such as the Ger­man au­to­mo­bile maker Daim­ler AG, the US sports com­pany Nike, and Fin­land’s telecom­mu­ni­ca­tion gi­ant Nokia.

The theme for the sum­mit was the op­por­tu­ni­ties and chal­lenges for multi­na­tional cor­po­ra­tions. The con­sen­sus of the busi­ness lead­ers was they are fac­ing more op­por­tu­ni­ties than chal­lenges in China, which is still very ap­peal­ing to for­eign in­vest­ment. They said, multi­na­tional cor­po­ra­tions will ac­tively par­tic­i­pate in busi­ness star­tups, in­no­va­tion and the green econ­omy, and work with their Chi­nese coun­ter­parts to raise the level of in­dus­trial co­op­er­a­tion and achieve mu­tual de­vel­op­ment.

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