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Premier puts forward proposal for development of China-EU relations

(Xinhua)

08:38, September 21, 2012

BRUSSELS, Sept 20 (Xinhua) -- Chinese Premier Wen Jiabao, in an address delivered at the 15th China-European Union (EU) summit here on Thursday, put forward a four-point proposal for the development of China-EU relations.

Wen said that the China-EU Summit has played a strategically leading role since the establishment of the two sides' comprehensive strategic partnership 10 years ago.

As the international financial crisis persists, China and the EU should strive to bolster confidence, work closely to meet challenges, and promote contact and coordination in a bid to safeguard their common interests in the future international setup.

In order to build a stronger comprehensive strategic partnership with the EU, the Chinese premier outlined the following steps to take:

Firstly, China and the EU need to vigorously promote the liberalization and facilitation of trade and investment and stand firm against protectionism.

Secondly, the two sides need to focus on new industries such as advanced manufacturing, new energy, new materials, biopharmacy, and information and telecommunications, and establish joint research and development centers, technology transfer centers and joint incubators.

In his third point, Wen called for the establishment of working mechanisms to promote bilateral cooperation in such sectors as transportation, electric power, and telecommunications.

Beijing encourages Chinese enterprises and financial institutions to engage in Europe's infrastructure construction and to set up a logistic network covering the whole Eurasia to meet the demands of ever-increasing trade and personnel exchanges between the two sides.

Fourthly, the two sides should promote reforms of the international financial system to achieve new progress in order to maintain global economic and financial stability.

China welcomes European enterprises to use the Chinese yuan in cross-border trade and investment and is willing to work with Europe to support establishing bank branches in both sides.


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