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China's top legislator, Luxembourg's prime minister pledge to deepen ties, cooperation

(Xinhua)

08:12, May 24, 2012

LUXEMBOURG CITY, May 23 (Xinhua) -- Wu Bangguo, China's top legislator, and Prime Minister Jean-Claude Juncker of Luxembourg pledged during a meeting Wednesday to advance ties and cooperation between China and Luxembourg.

Wu, chairman of the Standing Committee of China's National People's Congress (NPC), said bilateral and multilateral cooperation has flourished during the four decades since the two countries established diplomatic ties.

Noting that Luxembourg is among the world's important international financial centers, Wu said the two countries could focus in general on cementing cooperation in the financial sector. The two nations, he said, should especially make a point of strengthening coordination in the improvement of laws and regulations, operations and management and human resources training.

He also suggested the countries' two central banks establish exchanges in the future.

Wu said enterprises from the two countries could step up cooperation in emerging fields, such as high-end manufacturing, cutting-edge technologies and modern services.

Beijing supports Chinese enterprises in beefing up investments in Luxembourg so as to bring into full play the latter's role as a major transit hub for Chinese companies looking to expand their presence in European markets.

Wu also expressed hope that Luxembourg could provide more favorable conditions for China when it comes to financing, visas and staff recruitment.

For his part, Juncker said the two countries, with different national conditions, do not always see eye to eye, but their differences have not hindered the development of bilateral ties.

That's because the two sides also share the same or similar stances on many international and regional issues and enjoy broader common interests, he said.

Luxembourg, the prime minister said, puts a premium on improving its relationship with China.

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