accelerate the process to fully lower the market access threshold for foreign investments in
banking, securities and insurance, the premier said. Service sectors, including medical care and educ
ation, will be opened up along with transportation, infrastructure and energy, he said.
Li said China will further make it easier for foreign companies to set up a venture capital presence and will improve regulati
ons on foreign investors’ strategic investments in listed companies and their mergers with and acquisitions of domestic enterprises.
Also, preferential policies for investments from Hong Kong, Macao and Taiwan w
ill remain unchanged, and greater development opportunities will be offered for them, Li said.
Wang Huiyao, president of the Center for China and Globalizaton, said he was impressed by Li’s speech to cl
ean up rules and regulations inconsistent with the Foreign Investment Law as well as to launch a more streamlined negative list.
“It shows China’s attitude of further opening-up, which is a higher-level and more concrete commitment of China,” he said.
Leif Johansson, chairman of global biopharmaceutical giant AstraZeneca, said
Li’s speech reflects the determination to create a more open, fair and transpare
came to Europe again in his first overseas trip this year, manifesting the great importance China attaches to Europe, Wang said.
In a world of unprecedented transformations, Xi noted that a stable, strategic and reciprocal China-EU relationship is urgently needed.
Wang said during his visit, Xi had in-depth communication with the European leaders to discuss cooperation in internation
al issues and reached important consensus of adhering to multilateralism, and discarding isolationism and unilateral moves.
He also said Xi and the European leaders agreed to enhance coordination and cooperation wit
hin the UN system, give full play to the constructive role of global and regional multilateral mechanisms s
uch as the World Trade Organization, the International Monetary Fund, the World Bank, and Group of 20 and the EU, and
actively contribute to solving international conflicts, combating climate change and promoting sustainable development.
In his keynote speech at the global governance forum, Xi raised “four deficits” in global affairs including governance deficit, tru
st deficit, peace deficit and development deficit. To address these deficits, he proposed a four-pronged approach of fairness and reas
onableness, consultation and understanding, joint efforts and mutual assistance and mutual benefit and win-win results.
development in China, and the EU welcomes China’s willingness to share its development opportunities.
Chinese enterprises are welcome to invest in European countries, said the European leaders, adding that they will not adopt restrictive measures against specific com
panies, and are willing to provide a fair, open and transparent business environment for all foreign enterprises.
During the visit, Peng Liyuan, Xi’s wife, also attended a number of events aimed at deepeni
ng cultural and educational exchanges between China and the European nations.
As a special envoy of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the advanceme
nt of girls’ and women’s education, Peng was invited to visit the headquarters of the UNESCO in Paris.
Wang said Peng’s visit highlighted China’s image of a hardworking, responsible maj
or country that actively participates in international education, gender equality and other affairs.
ith so many applications in different parts of industry and the economy, and we want agreements, project by project.”
Raffarin was appointed special envoy on China affairs by French President Emmanuel Mac
ron. He pointed out that it is not pragmatic to have an agreement about every industrial sector, because, as sovereig
n states, both countries need to protect the interests of their own businesses and industries.
“It’s easier to go project by project, and, after some experience, we can add a larger vision,” Raffarin said.
His comments came after Italy signed a BRI memorandum of understanding with China during
Xi’s visit to Rome last week to become the first G7 country to join the global infrastructure plan.
According to China’s Ministry of Commerce, from January to November 2018, China’s direct investment in France reached $330 mil
lion. China’s growing investment in Europe has prompted concerns in the West, which Raffarin thinks are misplaced.
inistration put into practice the Taiwan Travel Act and the Asia Reassurance Initiative Act, both passed last year, to fulfill its promise to the Tsai authorities. In their
letter to US President Donald Trump, some Congress members have said the Taiwan Relations Act will help mai
ntain peace, security and stability in the Indo-Pacific region and suppress Beijing’s so-called aggression.
Moreover, to seek the US’ protection and contain Beijing, the Tsai authorities have been hyping up
the island’s strategic value for Washington. But the fact is, the empty promises given by the Congress me
mbers cannot guarantee any safety to the Tsai authorities and, instead, could put them in danger.
Ahead of the 2020 elections on the island, some US Congress members are incitin
g the Tsai authorities to provoke disputes with the mainland by supporting those seeking “Taiwan ind
ependence”. But since any attempt to split Taiwan from the motherland would lead to a conflict, it will be in the interest of neith
er side of the Straits nor the US. Worse, such a conflict would destroy peace and stability in the entire Asia-Pacific region.