Chinese vice premier meets British business secretary on economic, trade cooperation

11:28, January 13, 2011      

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Chinese Vice Premier Li Keqiang (R front) meets with British Business Secretary Vince Cable (L front) in London, Britain, Jan. 12, 2011. (Xinhua/Ding Lin)

Chinese Vice Premier Li Keqiang met with British Business Secretary Vince Cable in London on Wednesday, with both sides agreeing to further develop economic and trade ties.

China and Britain are both major economies in the world, so bilateral trade has a solid foundation and broad prospects, said Li, adding that the two sides should establish a more strategic and long-term economic and trade relationship, and jointly promote economic growth.

He said the two countries should further expand mutual investment, deepen cooperation in infrastructure construction, advanced manufacturing and service trade, energy development, innovative technology and other areas, and jointly develop the third-party markets.

The Chinese leader welcomed British companies to continue to invest in China, and said China would also encourage more Chinese enterprises to invest and seek development in Britain.

He pledged that China will continue to improve its investment environment and provide convenience for British enterprises, while also expressing the hope that Britain can do the same for Chinese investors.

In his turn, Cable said the British government and business community have been committed to developing closer economic and trade ties with China, adding that the two countries have complementary advantages and therefore great potential for broader and deeper cooperation.

British entrepreneurs present at the meeting briefed Li about their investment and operations in China.

Li, accompanied by Cable, also visited on Wednesday the BRE Innovation Park and an exhibition of the latest research development and achievements in the field of low-carbon architecture and community.

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