عربي Español Русский Français 简体中文

Li Keqiang Delivers Speech at China-EU Business Summit, Stressing to Work Together for New Progress in China-EU Relations

2015/06/30

On the afternoon of June 30 local time, Premier Li Keqiang and President Jean-Claude Juncker of the European Commission attended the China-EU Business Summit in Brussels and delivered keynote speeches.

Li Keqiang said that the China-EU relations have gone through 40 years and have become increasingly mature and stable. As the largest group of developed countries and the biggest economy, the EU is an important pole in the international political arena. China is the largest developing country in the world. The joint efforts of China and the EU will bring enormous welfare to the people of both sides and benefit the world. Looking back at the history since the establishment of the diplomatic relations between China and the EU, we notice that much valuable experience is worth being passed down. Over the past 40 years, China and the EU have respected each other and treated each other equally all the time, and both are dedicated to meeting each other halfway and achieving mutual benefit and win-win results. Europe has provided many advanced technologies for China's modernization construction. China-EU economic and trade cooperation has become an important foundation of the economic growth of Europe and the world at large. China and the EU jointly promote dialogues among civilizations and communicate with and learn from each other. Both the Chinese civilization and European civilization bear striking traits of openness and inclusiveness. The people-to-people and cultural exchange mechanisms have become more mature and the personnel exchanges even closer.

Li Keqiang pointed out that President Xi Jinping paid a successful visit to Europe last year and the two sides reached an important consensus on jointly building four major partnerships for "peace, growth, reform and civilization". Facing the new situation, the leaders of China and the EU should take a long-term perspective and down-to-earth attitude to further consolidate the foundation of bilateral political mutual trust and continue to regard each other as a development opportunity. Facing the profound adjustment and downward pressure of global economy, we should focus on the real economy, promote structural reform at home and strengthen international production capacity cooperation abroad to continue expanding the convergence of interests and create new modes of cooperation and development. As two important economies in the world, China and the EU have the responsibility to join hands to promote international production capacity cooperation in the following regards.

First, China is willing to join the European Strategic Investment Plan and make breakthroughs in joint infrastructure construction. China is willing to give play to advantages in team, technology and management in infrastructure construction to participate in the 315 billion euro European Strategic Investment Plan launched by the EU recently.

Second, China and the EU can take equipment manufacturing as the focus and make breakthroughs in third-party cooperation. To develop production capacity cooperation projects in the developing countries and the Central and Eastern Europe, the Chinese enterprises should give play to the price–performance advantages of their middle-end equipment manufacturing and purchase related equipments from the European countries as well. They should adopt modes such as joint venture, public-private partnership (PPP) and franchise, and raise the level of energy conservation and environmental protection in the cooperative projects.

Third, we should meet the needs of industrial investment and make breakthroughs in financial cooperation. China has abundant foreign exchange reserves, and is willing to participate in Europe's development by multiple means such as purchasing Europe's debt and direct investment. China will actively consider establishing a China-EU joint investment fund to boost the European Fund for Strategic Investments. China will also expand bond purchase from the European Investment Bank, give full play to financial arrangements such as the pan-European investment cooperation platform and the China and Central and Eastern Europe framework for investment and financing, give play to the role of RMB clearing bank, perfect RQFII system, and make financial cooperation the strong bond of interest convergence of both sides.

Fourth, we should make breakthroughs in raising the level of trade and investment liberalization. As long as China and the EU follow the principles of reciprocity and mutual benefit in properly addressing trade frictions and other issues, we will surely achieve a trade volume of 1 trillion USD by 2020.

Li Keqiang stressed that people-to-people and cultural engagement is an important pillar in China-EU cooperation. The two sides should give full play to the guiding role of the China-EU High-Level People-to-People Dialogue, successfully hold the "China-EU Year of Intercultural Dialogue", and serve as actors and creators to forge a more brilliant future for the China-EU relations.

Jean-Claude Juncker said that China is one of EU's most important trading partners. With the deepening of inter-dependence between the two sides, they are strong and reliable cooperative partners. To get rid of the present international financial crisis and tackle global challenges needs a stronger and mutually beneficial partnership between the EU and China. The EU pays close attention to the measures in China's economic strategy, is willing to join hands with China to strengthen cooperation in fields of connectivity and infrastructure construction, and welcomes Chinese enterprises to invest in Europe. The EU admires China's efforts in emission reduction. The two sides can tap potential and deepen cooperation in this field.

About 400 business people from China and Europe present at the Summit gave warm applause to speeches delivered by leaders of China and the EU for a long time.

Suggest to a friend
Print