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Vice Premier encourages companies to move overseas

(Xinhua)

13:45, August 23, 2012

Chinese Vice Premier Li Keqiang, in a congratulatory letter to an investment summit opened Wednesday in Hong Kong, has urged companies from the Chinese mainland and Hong Kong to join hands in participating in global competition and expanding bigger development space.

"China's opening-up is entering a new phase. It is necessary for us, and we do have the capability, to speed up the pace of the 'go global' strategy," Li said in the letter.

"It is my hope that mainland and Hong Kong companies should seize the new opportunities, brought forward by structural adjustment of the world economy and possible technological and industrial breakthroughs, play out respective virtues and create new cooperation models to join hands in participating in global competition and expanding bigger development space, so as to push ahead cooperation and exchange between the mainland and Hong Kong to a new level," Li said.

The two-day conference, the second China Overseas Investment Summit, is hosted by Hong Kong China Chamber of Commerce.

More than 1,200 government officials, investors, senior company managers and experts from over 40 countries and regions were to take part in the meeting.

Huang Mengfu, vice chairman of the National Committee of the Chinese People's Political Consultative Conference, the country's top advisory body, told the opening ceremony that it is an important period of strategic opportunities from now on for Chinese companies to go global.

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