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Roundup: Chinese vice-premier meets UBS, CISCO leaders

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BAD RAGAZ, Switzerland, Jan. 27 (Xinhua) -- Chinese Vice-Premier Li Keqiang Wednesday met Swiss Bank Corporation (UBS) and CISCO chiefs during a trip to Switzerland for the annual World Economic Forum meeting in Davos.

Li exchanged views with UBS Chairman Kaspar Villiger and CISCO Chairman and Chief Executive Officer John Chambers on international economic situation and explored ways with them for possible cooperation.

During the talks, Li briefed Villiger and Chambers on the economic situation in China, particularly China's measures in dealing with the global financial crisis, China's achievements in tackling the crisis and China's socio-economic development strategies in the next period of time.

Li said that promotion of mutually beneficial and win-win cooperation between Chinese enterprises and investors from all countries, including transnational companies, is a major part of China's basic national policy of opening up.

Along with in-depth development of the process of economic globalization, China's competitive advantages in attracting and using foreign investment will continue to be strengthened.

The Chinese government will continue to provide a better investment and development environment for enterprises from all countries in China.

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Li stressed that China will continue to unswervingly implement the basic national policy of opening-up. He said that in the process of opening up, China will make an active and effective use of foreign capital, and will manage to give a better play to the positive role of foreign capital in China's economic restructuring and in promoting a long-term, stable and relatively rapid development in China.

Villiger and Chambers expressed appreciation for the economic stimulus measures adopted by the Chinese government in the face of the global financial crisis, which swiftly brought about obvious results and enabled China to take the lead in tiding over the crisis.

They said that foreign companies doing business in China are optimistic about the prospect of China's economic development and are willing to participate in China's process of economic development on a long-term and sustainable basis, to realize mutual benefit and a win-win situation.

The Chinese vice premier arrived in Switzerland on Monday for a four-day visit that will also see him traveling to the Swiss Alpine resort of Davos for the annual meeting of the World Economic Forum.

Li met with leading Swiss entrepreneurs and Swiss President Doris Leuthard on Monday and Tuesday, and exchanged views with them rolex replica on efforts to promote their bilateral ties and trade links, as well as on measures to combat trade protectionism.


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