Li urges US firms to invest more in China
AgenciesChinese Premier Li Qiang has urged US companies to deepen their presence in China, pledging to address their concerns while calling on Washington to reciprocate, as Beijing...
Chinese Premier Li Qiang called upon US companies to increase their investments in China, assuring the nation would address their concerns while urging Washington to reciprocate. This statement was made as Li met with a delegation from the US-China Business Council, headed by the council's chair and Visa CEO Ryan McInerney, at Beijing's Great Hall of the People on Tuesday.
Li pledged that China would tackle "reasonable concerns" of US companies and maintain a fair and competitive market, while urging Washington to "take concrete steps" to address issues raised by Beijing and implement the outcomes of recent bilateral trade talks. Li described China as a "large and new" market, highlighting its rapid growth in smart and green consumption sectors.
He acknowledged that occasional frictions were expected due to the immense scale of bilateral trade, but stressed that mutual respect and consultation could help resolve any issues. McInerney and other delegation members said that the May meeting between Chinese President Xi Jinping and US President Donald Trump had set a stable tone for bilateral economic cooperation, and that US businesses would continue to expand their investments in China, viewing them as long-term partners in the country's development, according to Xinhua.
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