Pre­mier prom­ises a stream­lined path for over­seas in­vestors

China Daily (USA) - - FRONT PAGE - By AMY HE and ZHAO HUANXIN in New York

Pre­mier Li Ke­qiang said China would con­tinue to push for re­forms such as stream­lin­ing ad­min­is­tra­tion, del­e­gat­ing more power and strength­en­ing pro­tec­tion of in­tel­lec­tual prop­erty rights to cre­ate a more en­abling en­vi­ron­ment for for­eign in­vestors.

“China’s door, once open, is un­likely to be closed,” he said in a round­table dis­cus­sion mod­er­ated by Michael Bloomberg, the three-term former mayor of New York City and founder of Bloomberg LP, on Tues­day.

China and the US not only have sta­ble po­lit­i­cal ties, but also en­joy very close busi­ness co­op­er­a­tion, Li told aca­demics and busi­ness lead­ers on Tues­day at the Wal­dorf As­to­ria in New York.

“There ex­ist tremen­dous in­vest­ment op­por­tu­ni­ties be­tween China and the US,” Li said. “I be­lieve Amer­i­can busi­nesses will find larger and larger mar­ket in China.”

The pre­mier said he hoped the US would ease its con­trols on the ex­port of high tech­nol­ogy prod­ucts, and that the two coun­tries would reach a high-level, win-win bi­lat­eral trade agree­ment soon.

He said China is a firm de­fender of free trade and is com­mit­ted to sup­port­ing ef­forts to ad­vance trade lib­er­al­iza­tion within the frame­work of the World Trade Or­ga­ni­za­tion.

The pre­mier said that it is only nat­u­ral that there have oc­curred some dis­par­i­ties be­tween the world’s largest and sec­ond-largest economies, given their dif­fer­ent cul­tural and na­tional con­di­tions.

“In spite of rain and wind, there is al­ways a clear sky after the rain,” Li said.

Other par­tic­i­pants in the dis­cus­sion in­cluded former sec­re­tary of state Henry Kissinger, former trea­sury sec­re­tary Henry Paul­son, Black­stone CEO Stephen Sch­warz­man, Lee Bollinger, pres­i­dent of Columbia Univer­sity, and TV jour­nal­ist Char­lie Rose.

Bloomberg, who is also founder of fi­nan­cial news ser­vice Bloomberg LP and chair of the Work­ing Group on US RMB Trad­ing and Clear­ing, kicked off the dis­cus­sion by say­ing that China and the US ben­e­fit from each other’s suc­cesses.

“When we work to­gether, ex­tra­or­di­nary things re­ally are pos­si­ble and the global cli­mate agree­ment reached in De­cem­ber in Paris is a very good ex­am­ple of the co­op­er­a­tion be­tween both coun­tries.”

Bloomberg also praised Li for help­ing guide China through “one of the most dy­namic mo­ments in its his­tory, one that has re­ally been ex­tra­or­di­nary to watch.

“China’s eco­nomic growth has im­proved mil­lions of lives and I want to con­grat­u­late Pre­mier Li and his team here for all they’ve done to make that pos­si­ble,” he said.

In spite of rain and wind, there is al­ways a clear sky after the rain.”

Pre­mier Li Ke­qiang

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