China's reform a chance for transnationals
                 English.news.cn | 2014-07-09 21:42:50 | Editor: Yang Yi

Chinese Premier Li Keqiang attends a seminar held with delegates attending the second Global CEO Council roundtable summit in Beijing, capital of China, July 9, 2014. (Xinhua/Liu Weibing) 

Chinese Premier Li Keqiang attends a seminar held with delegates attending the second Global CEO Council roundtable summit in Beijing, capital of China, July 9, 2014. (Xinhua/Liu Weibing) 

BEIJING, July 9 (Xinhua) -- Chinese Premier Li Keqiang on Wednesday said China's reform and opening-up will provide opportunities for transnational corporations.

Li made the remarks while meeting with CEOs and presidents of some world's top corporations such as Volkswagen, IBM, Schneider Electric, Siemens, Nokia and Standard Chartered Bank, here for the 2nd round table summit of the Global CEO Council.

Li said China's development must rely on reform and innovation, and the key is the relationship between the government and the market.

He vowed to cut more red tape and delegate power to lower levels, ease market access, and increase the supply of public goods. He also pledged to deal with counterfeiting and intellectual property rights violations, create a fair market environment and inspire innovation.

The premier said China needs to transform to realize sound economic growth, free up energy and resources, give more financial support to the real economy and maintain financial security.

The CEOs and presidents discussed China's economic development, reform, financial cooperation and energy saving.

The summit is hosted by the Chinese People's Association for Friendship with Foreign Countries.

Related:

Chinese premier stresses targeted controls

CHANGSHA, July 4 (Xinhua) -- Chinese Premier Li Keqiang on Thursday demanded more attention to targeted controls while keeping the country's economic growth within a proper range.

Targeted controls aim to tackle problems in key sectors and weak links, relying more on market power and reforms, and are meant not only to stabilize economic growth, but also to adjust economic structure, Li said.Full Story

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