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| Chinese PremierLi Keqianglistens to work report at Shanghai E&P International Inc in Shanghai, east China, Nov 22, 2016. Li inspected the Shanghai Pilot Free Trade Zone on Nov 21 and 22. (Rao Aimin / Xinhua) |
SHANGHAI – Premier Li Keqiang said China will create a better investment and operation environment for foreign businesses .
China will continue to roll out opening up policies, and the existing policies to attract foreign investment will remain unchanged, Li said during an inspection of Shanghai Pilot Free Trade Zone on Monday and Tuesday.
China not only has a huge market, but is also rich in human resources, Li stressed.
China not only has a huge market, but is also rich in human resources
Li Keqiang, Chinese Premier
Although China's per capita natural resource level is below the global average, unlimited development space can be created on the back of combination of imagination and creativity from the hundreds of millions of talented people at home and abroad, he said.
China welcomes foreign investors to establish businesses in the country and achieve mutual benefit and win-win results, added the Premier.
China is a top destination for foreign investment, Li said.
Mass entrepreneurship and innovation chimes with the current technological revolution and emergence of new business models, and is also an inevitable choice for companies looking to give full play to their strengths, he stressed.
The global economic recovery is anemic, and "economic and trade cooperation needs to be strengthened in an all-round way" to reverse the decelerating growth of global trade and to promote global trade and investment liberalization vigorously, Li said.
He called for the sharing of experience from the Shanghai Pilot Free Trade Zone, promoting reform and opening up in a vigorous way, and more support to increase foreign trade competitiveness.
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| Chinese Premier Li Keqiang visits China Technology Center of General Electric in Shanghai, east China, Nov 21, 2016. Li inspected the Shanghai Pilot Free Trade Zone on Nov 21 and 22. (Rao Aimin / Xinhua) |
Reforms should be designed to strengthen the role of the market and create market vitality, Li said.
Achieving this goal relies not only on people, but also on the strength of institutionalized mechanisms, he added.
Effective supervision creates an environment conducive to simplifying administrative procedures and delegating power to lower levels. It can also create a platform for improved government services, lower operational costs, facilitate the growth of enterprises, and unleash peoples' creativity, Li stressed.
