Li: Global firms wel­come to broaden in­vest­ment

BMW takes ad­van­tage of new rule to raise stake in Shenyang auto JV

China Daily (USA) - - TOP NEWS - By HU YONGQI huy­ongqi@chi­

China will con­tinue fur­ther open­ing-up and welcomes for­eign com­pa­nies to ex­pand their in­vest­ments to achieve co-de­vel­op­ment and win-win out­comes, Premier Li Ke­qiang said on Wed­nes­day in Bei­jing.

The premier made the state­ment dur­ing meet­ings with a Ja­panese del­e­ga­tion, headed by for­mer Ja­panese prime min­is­ter Ya­suo Fukuda, and Har­ald Kruger, BMW’s chair­man of the board of man­age­ment.

The Ger­man au­tomaker’s lat­est project will be car­ried out in Shenyang, Liaon­ing prov­ince, mak­ing BMW the first ben­e­fi­ciary from China’s pol­icy of al­low­ing for­eign in­vestors to hold ma­jor­ity stakes in auto joint ven­tures, Li told Kruger. China has kept its com­mit­ment to its new open­ing-up poli­cies, he said.

In the next step, more en­deav­ors will be made in the openingup cam­paign to make China a long-term pop­u­lar des­ti­na­tion for for­eign in­vestors, the premier said. For­eign com­pa­nies, in­clud­ing those from Ger­many, are wel­come to ex­pand their in­vest­ments, he said.

Kruger said China is the big­gest mar­ket for BMW, and BMW is will­ing to take the op­por­tu­nity of build­ing a new factory in Shenyang to fur­ther ex­pand its co­op­er­a­tion with China. Ve­hi­cles made in the new factory will be sold glob­ally, in­clud­ing China, he said.

When meeting with the Ja­panese del­e­ga­tion, Li called on the del­e­ga­tion to abide by the four po­lit­i­cal doc­u­ments and keep bi­lat­eral re­la­tions sta­ble. The four doc­u­ments re­fer to the 1972 China-Ja­pan Joint State­ment, the 1978 China-Ja­pan Treaty of Peace and Friend­ship, the 1998 China-Ja­pan Joint Dec­la­ra­tion and the 2008 joint state­ment on ad­vanc­ing strate­gic and mu­tu­ally ben­e­fi­cial re­la­tions.

Deep­en­ing eco­nomic ties is ben­e­fi­cial for both sides, the global econ­omy and international trade, as China and Ja­pan are the se­cond- and third-largest economies in the world, Li said. Both coun­tries should ex­pand their co­op­er­a­tion in trade, in­vest­ment, fi­nance, in­no­va­tion and high­tech fields, as well as ex­plore third-party mar­kets and safe­guard mul­ti­lat­er­al­ism and free trade, he said.

Fukuda and other del­e­gates said that Li’s visit to Ja­pan in May pro­moted get­ting bi­lat­eral re­la­tions back on the right track and is ap­pre­ci­ated by all cir­cles in Ja­pan, ac­cord­ing to a news re­lease. Com­pa­nies from both coun­tries should con­duct fre­quent ex­changes and play a pos­i­tive role in boost­ing mu­tual un­der­stand­ing and ex­pand­ing co­op­er­a­tion, they said.

State Coun­cilor and For­eign Min­is­ter Wang Yi also met with Fukuda and his del­e­ga­tion.

Wang said this year marks the 40th an­niver­sary of the sign­ing of China-Ja­pan Treaty of Peace and Friend­ship. Both sides should strengthen po­lit­i­cal foun­da­tions for their re­la­tions and reaf­firm their part­ner­ship in or­der to open a new chap­ter in bi­lat­eral ties, he said.

Fukuda said the sta­ble and healthy de­vel­op­ment of bi­lat­eral ties is vi­tal for both coun­tries and Ja­pan is will­ing to deeply par­tic­i­pate in China’s new round of re­form and open­ing-up.


Premier Li Ke­qiang con­tin­ues his con­ver­sa­tion with Har­ald Kruger, BMW’s chair­man of the board of man­age­ment, at the Zhong­nan­hai lead­er­ship com­pound in Bei­jing on Wed­nes­day, af­ter their for­mal meeting that fo­cused on for­eign in­vest­ment.

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