We are not only expanding market access, but also vigorously promoting fair competition. All enterprises registered in China, be they Chinese or foreign, are all treated as equals by the Chinese government, and enjoy equal treatment in accordance with the law in such areas as license application, standards-setting, government procurement and access to "Made in China 2025" policies. We are ready to work with the EU side to accelerate negotiations for a high-standard investment agreement and foster a more open, fair and rules-based investment environment. We also hope that Chinese enterprises will be given fair treatment in investment review and greater visa facilitation.
Production overcapacity is a cyclical phenomenon under a market economy. It is a structural and also a global issue. Shrinking demand as a result of weak performance of the world economy since the outbreak of the international financial crisis has been the root cause for global overcapacity in industries such as steel. In China' s steel production, 86% is for domestic consumption. China' s steel export to the EU was only 6.47 million tons last year, and in the same year, China also imported 1.22 million tons of steel from the EU. China does not subsidize steel exports. On the contrary, we introduced a series of measures to control steel exports starting from ten years ago, including levying export tariffs, the highest level of which is 20% even today.
The efforts China is making to cut overcapacity are unparalleled in the world. Having reduced its steel overcapacity by over 90 million tons in the past few years and 65 million plus tons in 2016, China will continue to phase out around 50 million tons of capacity this year. This process involved the reemployment of some 500,000 workers, which is 170,000 more than all the steel workers of the EU. To blame China for overcapacity is neither objective nor fair. The responsibility for cutting overcapacity must be borne by all parties, and the key lies in concerted actions, not finger-pointing. China stands ready to enhance the sharing of experience and good practices on cutting overcapacity under the framework of the Global Forum on Steel Excess Capacity and set up a steel trade mechanism with the EU, in an effort to promote sound growth of the global steel industry.
【国内英语资讯:Full text of Chinese Premier Lis speech at 12th China-EU business summit】相关文章:
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