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Li Keqiang Meets and Holds a Symposium with Representatives Attending the 7th Round-table Summit of the Global CEO Council

2019-06-20

On the morning of June 20, 2019, Premier Li Keqiang met and held a symposium with principals of a number of famous multinational companies who are in China to attend the 7th round-table summit of the Global CEO Council at the Great Hall of the People.

Principals from nearly 20 Fortune Global 500 companies including Schneider Electric, Swire Group, ArcelorMittal Group, Pfizer Inc., Daimler-Benz, United Parcel Service, Nokia, Hyatt Hotels Corporation, ABB Group and BHP Billiton delivered respective speeches and asked questions focusing on integrated development, cooperation and innovation, the Belt and Road Initiative and other topics. Li Keqiang had in-depth interactions and exchanges with them.

Li Keqiang expressed that a number of the multinational companies, represented by the participants of the summit, have taken part in China's reform and opening up process at an early stage. They have not only brought capital, technology and management expertise to China, but also secured a large market, reaped rewards and realized mutual benefit and win-win results. As the instabilities and uncertainties of the current international situation are on a rise, we need to push for the steady development of the world economy and trade, improve the global industrial chain and strive to safeguard the peaceful global environment. China will unswervingly deepen reform, further open up and build a market-oriented, law-based and international business environment. Enterprises from all countries are welcome to expand investment in China and share the opportunities created by China's development.

Li Keqiang pointed out that our goal is to accommodate people's yearning for a better life. In this process, China, a large and ever-growing market with nearly 1.4 billion people, is in need of economic restructuring and transformation, industrial upgrading and a larger amount of high-quality products and services so as to better meet the needs of improving people's living standards. This will create a large space of development for foreign enterprises to enter the Chinese market. We have fully opened the manufacturing sector to foreign investors and will gradually open up the service sector. Meanwhile, Chinese companies need to improve themselves and better achieve mutual benefit and win-win results through fair competition in global cooperation.

Li Keqiang said that China's development should be based on innovation, and protecting intellectual property equals protecting innovation. We treat all enterprises registered in China equally, whether they are domestic or foreign. We will effectively protect their legitimate rights and interests, including intellectual property. The Chinese side stands ready to uphold the principles of extensive consultation, joint contribution and shared benefits, pursue open, green and clean concept, better synergize the Belt and Road Initiative with other countries' development strategies, and follow market rules and business principles, in a bid to ensure sustainable cooperation. We advocate strengthening people-to-people and cultural exchanges, mutual respect, equal treatment and mutual learning. We are also committed to safeguarding free trade, narrowing the north-south gap, and realizing common development.

The entrepreneurs attending the summit congratulated the 70th anniversary of the founding of the People's Republic of China and expressed admiration for China's development achievements in all fields. Although they come from different countries, industries and sectors, the entrepreneurs said they are committed to strengthening cooperation with China, and expect China to deepen reform and expand opening up. They are ready to actively participate in China's reform and opening up, expand cooperation in medical services, finance, automobile, digital economy, 5G, low carbon, innovation, infrastructure, manufacturing and other sectors, and share China's development opportunities. They also expressed willingness to help enhance global interconnectivity, safeguard free trade and oppose protectionism.

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