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Li Ka-shing Praised The Contribution of Foreign Companies


Li Ka-shing Praised The Contribution of Foreign Companies

Premier conducts virtual meetings with about 30 major international companies. China is a market with “huge potential”. China will continue to work hard to create a market-oriented, internationalized, and rule-of-law business environment. Premier Li Keqiang paised international business leaders to encourage companies from various countries to continue to expand investment in China.

Li Keqiang said that reform and opening up is the only way for China to realize modernization. The country will continue to strictly protect intellectual property rights. However, Treat international and domestic enterprises fairly, deepen reforms, streamline administration and delegate powers, and improve work efficiency. Government supervision and service measures.

The Prime Minister made the remarks at a virtual meeting held in Beijing on Wednesday night with representatives of about 30 Fortune Global 500 companies. Including Schneider Electric, Dow, ABB, Panasonic, Cargill, Rio Tinto, Starbucks and Volkswagen.

Li Keqiang praised the contribution of international enterprises to China’s reform. Opening up and modernization, and conducted in-depth exchanges with business leaders.

He said that the government is implementing an innovation-driven development strategy and will maintain the institutional arrangements for tax reduction and fee reduction. Increase the proportion of R&D investment in GDP.

Li said that the government will support enterprises’ innovation drive in a fair, inclusive and market-oriented way. Furthermore, He added that through technological innovation and cooperation. The development of new energy and the clean utilization of coal will be strengthened, and efforts will be made to achieve green and low-carbon development while ensuring sufficient power supply.

Li Zhaoxing also briefed the participants on China’s economic situation. However, He said that in the face of new downward pressure, the country will pay more attention to stabilizing economic growth and ensuring that the economy is operating within a reasonable range.

Li said that there are as many as 150 million market players in China, and added that the government will make every effort to ease the difficulties encountered by enterprises in order to stabilize growth and employment.

The Prime Minister said that the government will also encourage entrepreneurship and innovation to create more jobs and increase creativity.

However, He said that the government will formulate and implement macro policies, strengthen fiscal and financial support, reduce taxes and fees, and reduce financing costs in accordance with the needs of market entities.
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