Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

views

HOME > View


China to promote higher level of opening up: Premier Li

October 11, 2018


Abstract : China will promote a higher level of opening up and will continue to be an ideal place for foreign investment, Premier Li Keqiang said Wednesday in Beijing during his meeting with Harald Kruger, chairman of German carmaker BMW Group.

CHINA-BEIJING-LI KEQIANG-BMW-MEETING (CN)

Chinese Premier Li Keqiang (2nd R) meets with Harald Kruger, chairman of the board of management of German carmaker BMW Group, in Beijing, capital of China, Oct. 10, 2018. (Xinhua/Pang Xinglei)

BEIJING, Oct. 10 (Xinhua) -- China will promote a higher level of opening up and will continue to be an ideal place for foreign investment, Premier Li Keqiang said Wednesday in Beijing during his meeting with Harald Kruger, chairman of German carmaker BMW Group.

"Deepening pragmatic cooperation between China and Germany serves common interests of both sides," Li said. He noted that a new cooperation project between BMW and China, in the northeastern city of Shenyang, will be the first to benefit from the ease of limits on foreign stakes in automobile joint ventures in China.

The upcoming project indicated that China's new opening up measures are being translated into concrete actions, Li said.

"In the future, these measures will be even stronger, a higher level of opening up will be established, and China will continue to be a hot place for foreign investment in the long run," he said.

"We welcome enterprises from different countries, including German enterprises, to seize the opportunity and expand investment in China and better achieve common development and win-win results," he said.

Kruger said China is the largest market for BMW and the company cherished the opportunity to invest in the country.

He said BMW will take the opportunity of launching the new factory in Shenyang to expand cooperation with China and create a mutually beneficial and win-win situation as certain models of BMW cars will be sold in global markets including China.


Related Coverage

Focus

Think Tank

  • How Can China’s Economy Maintain Steady Growth at a...

    February 15, 2019

    China needs to keep expanding its interconnectivity with global markets, pro...

  • Will China be the next Japan or South Korea?

    February 12, 2019

    As the development phase changes, expanding domestic demand has been brought...

  • Is GDP an obsolete tool in an era of social well-bei...

    February 2, 2019

    A serious talk has to take place between scholars and international organiza...

  • Consumption quality of China’s middle-income popula...

    January 31, 2019

    Building and expanding China's consumer market will not only need to increas...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial