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Economy

Chinese vice-premier cautions EU on protectionism(2)

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2016-11-25 09:28chinadaily.com.cn Editor: Xu Shanshan ECNS App Download

Liu said China and the EU have already greatly benefited from balanced and two-way investment and trade in previous decades. "So I hope our European friends will take more proactive attitudes when assessing China's outward investment into Europe," said Liu.

Liu also pledged that China will be scaling up its reform endeavors to improve the levels of openness and cultivate a sound legal, policy and market environment for the investors from Europe and the rest of the world.

"We are ready to hold dialogues with the European side regarding trade disputes and speed up talks on an investment pact," said Liu.

European Commission Vice-President Jyrki Kataine has pledged a rule-based and robust investment and trade relationship with China. "We want our relationship to be stronger not only in economic terms but in all ways,"said Kataine in a speech at the summit.

He said the ongoing comprehensive investment talks, once concluded, will bring "enormous" benefits for both sides.

Liu is scheduled to meet German Chancellor Angela Merkel on 25th November and she is also attending a seminar on boosting football cooperation between China and Germany on 26th before wrapping up a three-day visit to boost bilateral cooperation in science, technology, education, culture and sports.

In his address, Fritz Horst Melsheimer, president of the Hamburg Chamber of Commerce emphasized Hamburg's importance as a part of the "new Silk Road". He said: "There is no better location for the maritime and the land route to come together than Hamburg, China's gateway to Europe."

Melsheimer said mutual investment is an important step towards achieving closer cooperation. "I believe it has become very clear during this conference that Hamburg, as a spearhead of European-Chinese relations, has a claim to having open doors for Chinese investments," he said.

He said the shift in the Chinese economy to greater innovation and sustainability was not automatically a threat.

"Instead, this transition opens up new opportunities for investment and market access on both sides - provided there is a clear understanding of the conditions for this closer cooperation," said Melsheimer.

  

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