China Premier Li says will further open services, industries - Xinhua | Reuters

SHANGHAI Chinese Premier Li Keqiang said the country will further open its services, manufacturing and mining sectors to the outside world, the official Xinhua news agency reported on Tuesday, even as foreign enterprises struggle with protectionist policies.The premier's comments come as President Xi Jinping seeks to project China as the world's leading free trade advocate and despite recent observations from some foreign firms that they are less welcome in China now than they were in the past.Li said on Monday China will streamline administrative procedures for foreign investments and ensure a level playing field for companies registered in the country, Xinhua reported the premier saying at a meeting held during the China Development Forum in Beijing.

China supports foreign-funded firms to list and issue bonds in the country and participate in national science and technology programs and infrastructure projects, said Li.

He invited more foreign companies to invest in China, co-operate with Chinese enterprises and engage in development opportunities, said Xinhua.Li said he hopes other countries overcome issues and friction caused by globalisation by communicating effectively, according to Xinhua.

Among the attendees were HSBC Chief Executive Stuart Gulliver, former U.S. Treasury Secretary Lawrence Summers and Apple CEO Tim Cook. Li's comments contrast with those of a senior minister on Sunday who said China's policy of restricting market access is important for domestic growth. (Reporting by Engen Tham; Editing by Sam Holmes)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Mar 21, 2017 07:00 AM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See