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Li Keqiang Meets and Holds Talks with Overseas Delegates Attending Annual Meeting of China Development Forum 2015

In the morning of March 23, 2015, Premier Li Keqiang met with overseas delegates who came to China to attend the annual meeting of the China Development Forum 2015 at the Great Hall of the People, holding talks and exchanging views with them.

On behalf of over 100 CEOs from the Fortune Global 500 and experts and scholars from world-famous universities, research institutions and media, six delegates including President Ellen Kullman of DuPont, Professor Joseph Stiglitz of the Columbia University and recipient of the Nobel Memorial Prize in Economic Sciences, and chief economics commentator Martin Wolf of the “Financial Times” expressed their views on a wide range of topics such as deepening cooperation between China and foreign countries, promoting social justice, industrial upgrading, guarding against financial risks, balancing supply and demand, climate change and social construction. Li Keqiang answered all the questions from the delegates.

Li Keqiang said that currently China’s economy is highly integrated with the world economy. China’s economy has entered a stage of new normal. We take the initiative to adapt, carry forward structural reform, cultivate new impetus for economic growth, and forge “double engines” to promote a sustained medium-to-high-speed economic growth and push the economy to a medium-to-high level. The government will vigorously streamline administration and delegate power to the lower levels, serve as a “referee” rather than a “ticket collector” or an “athlete” on the arena, eliminate the obstacles and provide platforms for mass entrepreneurship and innovation, and stimulate market vitality and social creativity. Meanwhile, the government will also hold the bottom line, provide basic living allowances for people in straitened circumstances, and remove worries for entrepreneurs, especially for the young, promoting social justice and boosting a coordinated economic and social development.

Li Keqiang pointed out that the Chinese government is advancing a new round of high-level opening-up. We will continue to expand market access, focus on opening the service industry wider and strengthen intellectual property rights protection to create a stable and transparent policy environment, an efficient and normative administrative environment as well as a market environment featuring fair competition for foreign enterprises. China will open its door increasingly wider to the world. We hope that foreign-funded enterprises in China can grasp the overall trend of China’s economic development, share the opportunities in China’s development and realize common development.

Li Keqiang emphasized that the “Made in China 2025” strategy, which aims at innovation-driven development, smart technology transformation and green development, will further promote China’s manufacturing industry in international cooperation. We welcome enterprises from all countries to take an active part and jointly exploit third-party market by taking advantage of opportunities such as international capacity cooperation. We hope that the countries concerned will ease the restrictions on the export of high technology to China, advocate trade liberalization and investment facilitation, and jointly oppose protectionism. It is to the benefit of both sides as well as the world at large for China and foreign countries to strengthen economic and technical cooperation.

The participating foreign delegates said that China’s economic development is closely related to the world economy and draws high attention from the international community. This Forum is a very good opportunity to understand the transformation and development of China’s economy. The transnational corporations are willing to take an active part in China’s reform and opening-up course and hope to see a sustained and steady development of China’s economy

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