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China welcomes U.S. companies’ participation in modernization process: premier

Abstract : Chinese Premier Li Keqiang said on Tuesday that China welcomes the active participation of companies from the United States and around the world in its reform and opening-up, as well as its modernization process.

Chinese Premier
Li Keqiang holds virtual dialogue with U.S. business leaders in Beijing,
capital of China, April 13, 2021. (Xinhua/Yan Yan)

BEIJING, April 13 (Xinhua) — Chinese Premier Li Keqiang said on
Tuesday that China welcomes the active participation of companies from
the United States and around the world in its reform and opening-up, as
well as its modernization process.

Li made the remarks during a virtual dialogue with U.S. business
leaders, with board chairmen and CEOs from the U.S.-China Business
Council and over 20 U.S. multinational companies in attendance.

Promoting the healthy and stable development of China-U.S. relations
is the common aspiration of both peoples as well as the international
community, Li said.

He called upon the two sides to implement the consensus reached by
the two heads of state and uphold the principles of non-conflict,
non-confrontation, mutual respect and win-win cooperation, respecting
each other’s core interests and major concerns, enhancing dialogue and
communication, expanding practical cooperation and properly handling
differences.

“The essence of economic and trade relations between China and the
U.S. is mutual benefit,” said Li, adding that such a relationship
benefits the two peoples as well as world peace, stability, development
and prosperity.

Noting that trade between the two countries in 2020 increased despite
multiple shocks, Li said this indicates that there are objective
conditions and opportunities for cooperation between the two sides.

“Problems that occur in cooperation should be resolved through
cooperation,” said Li, adding that decoupling does no good to either
side and will hurt the world.

Li expressed the hope that China and the U.S. can meet each other
half-way, promote cooperation by making a bigger pie of common interests
and safeguard the safety and stability of the industrial and supply
chains.

Li reiterated that championing opening-up is China’s fundamental policy and China’s door to the outside world will open wider.

The premier expounded that by fostering a new development pattern,
China will, on the one hand, keep tapping the potential of the domestic
market and form a stable support for economic growth and employment, and
on the other hand, further open up China’s market and continue to make
China an important destination for foreign investment and a big market
for the world.

China will further open up, work toward a market-based and
law-governed business environment that is up to international standards,
and promote reforms to delegate power, streamline administration and
optimize government services, ensuring a level playing field for both
domestic and foreign enterprises.

Participants from the U.S. side said that avoiding conflict and
confrontation and putting bilateral relations back on a constructive
track are in the common interests of both sides.

Noting that economic and trade relations are the cornerstone of
bilateral ties, they said that decoupling will bring huge uncertainties,
not only for the two countries, but also for the whole world.

They said the U.S. business community supports the two sides
increasing mutual trust through communication, enhancing coordination
and cooperation in areas including epidemic prevention and control,
climate change, sustainable development and innovation, and resuming
people-to-people exchanges as soon as possible.

They said that U.S. companies welcome progress made by China in the
areas of opening-up and optimizing the business environment, feel
optimistic about China’s development prospects and opportunities, and
are committed to the long-term trade and investment cooperation with
China. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China welcomes U.S. companies’ participation in modernization process: premier

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