国内英语资讯:Full text of Chinese Premier Lis speech at 12th China-EU business summit_时事

国内英语资讯:Full text of Chinese Premier Lis speech at 12th China-EU business summit

China-EU economic and trade cooperation is not a simple relationship of buying or selling, but a partnership of multiple dimensions, investment being an important pillar of such cooperation. China welcomes investment by European companies and encourages its own companies to do business in Europe leading to two-way opening-up on an equal footing that delivers benefits to both sides.

That being said, as China and Europe differ in levels of economic development and industrial structures, their priorities, extent and speed of opening-up may vary as well. It would be inadvisable to make simplistic comparison in the areas and levels of openness or go after one-for-one reciprocity in openness. What' s important is to see whether the gains from mutual openness are generally balanced. Take the automobile industry as an example, some people complain that China is not as open as Europe. But the truth is, European car brands take up a significant market share in China, yet Chinese brand cars are rarely seen in the streets of Europe. China will never shut its door to the outside world, but only open ever wider.

In 2017, we amended the Catalogue for the Guidance of Foreign Investment Industries for the sixth time, reducing the number of restricted industries by half. In the recent seventh amending procedure, we narrowed the scope of restricted industries by another one third. The negative list model of foreign investment management is being rolled out nationwide. With the exception of only a few sectors, the establishment and major adjustments of foreign-invested companies now only needs to go through a simple filing process with the relevant authorities, without being subject to government review and approval.