Chinese Premier Li Keqiang said on Wednesday that companies from all over the world are welcome to further expand investment in China and deepen cooperation in various fields to achieve common development.
Li made the remarks when attending the virtual dialogue with business leaders of the Global CEO Council in Beijing.
Business leaders of nearly 30 Fortune Global 500 companies, including Schneider Electric, Dow, ABB, Panasonic, Cargill, Rio Tinto, Starbucks and Volkswagen, spoke on the topics of innovation-driven development, green and low-carbon transition, and multinational companies’ new development opportunities in China.
Li recognized the contributions of multinational companies to China’s reform, opening-up and modernization drive, and engaged in in-depth discussions with the business leaders.
Noting that China is both the world’s largest developing country and a growing market with huge potential, Li said China has vigorously implemented the innovation-driven development strategy and continuously inspired ideas of innovation and unleashed innovation vitality.
China will continue to deliver institutional tax and fee cuts, including extra tax deduction on research and development expenses and refund of overpaid value-added tax, to increase the share of total research and development spending in GDP, said Li, adding that China will support business innovation and technology upgrading with market-oriented incentives that are equitable and inclusive.
Through technology innovation and cooperation, China will step up the new energy development and clean use of coal, strive for a green and low-carbon transition while ensuring energy and electricity supply, and better meet the climate challenge, he said.
Li pointed out that reform and opening-up is a sure path for China to achieve modernization.
The Premier said China will continue to deepen the reform of transforming government functions, foster a market-based, world-class business environment governed by a sound legal framework, strictly protect intellectual property, and provide equal and fair treatment to both domestic and foreign-invested firms.
China will improve the foreign investment promotion and service system and make China a highly attractive investment destination over the long run, Li added. – Xinhua
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