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Premier Li meets overseas delegates attending China Development Forum

Updated: Mar 25,2019 9:01 PM     english.gov.cn

Premier Li Keqiang held talks with overseas delegates attending the China Development Forum 2019 in Beijing on March 25.

Over 100 delegates took part in the meeting, including executives from Fortune 500 companies, experts and scholars from international academic institutions, and representatives of major international organizations.

Daimler Chairman Dieter Zetsche, IBM Chairman Ginni Rometty, BMW Chairman Harald Krüger, Pfizer CEO Albert Bourla, and Rio Tinto CEO Jean-Sebastien Jacques each brought questions to Premier Li at the meeting.

Premier Li said last year China’s economy maintained stable growth with solid progress. “Facing new downward pressure, we will continue to push forward tax reductions and foster new momentum for growth,” he said.

Increasing the deficit and easing monetary policy is not on the table, and the government will continue to inspire market vitality with reform and opening-up, to withstand pressure and maintain reasonable and constant growth, he said.

As the largest developing nation in the world, Premier Li said China has made tremendous achievements in the past four decades and will continue to open its door wider.

He said the Foreign Investment Law is a legal guarantee for foreign businesses, which has clarified pre-establishment national treatment and a negative list, ensuring equal treatment for foreign companies.

In the future the government will announce more measures to further protect foreign enterprises’ rights and interests, Premier Li said.

Premier Li stressed that industrial and technological revolution should be embraced.

The Chinese government takes an inclusive and prudent attitude toward innovation and tries to help guide companies for better development, he said, adding that China supports the development of new technologies and industrial patterns.

He said that efforts toward building an international, market-oriented, and law-ruled business environment should be intensified, through further protection of intellectual property rights and an improved system of punitive compensation for intellectual property rights infringement.

The Premier also answered questions on Sino-US trade and economic relations, high-tech services, medical cooperation, privacy protection, and the development of the country’s chemical industry.

With “Greater Opening-up for Win-Win Cooperation” as the forum’s theme this year, delegates from different countries discussed ways to maintain China’s economic momentum, including structural reform, fiscal policies, and reforms in manufacturing and financial sectors.

All sides showed willingness to expand trade with and investment in China to better seize opportunities in the country’s development.