China invites foreign enterprises and long-term capital to expand investment in China, says Vice Premier of the State Council

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Beijing, January 12 (Xinhua) — China invites foreign-funded enterprises, including Warburg Pincus, and long-term capital to continue expanding investment in China and deepening mutually beneficial cooperation, Vice Premier He Lifeng announced on Monday.

He Lifeng, also a member of the Politburo of the CPC Central Committee, made the call during a meeting with former US Treasury Secretary Timothy Geithner, now chairman of Warburg Pincus.

The Vice Premier noted that China has comprehensively and consistently implemented the spirit of the decisions of the Fourth Plenary Session of the 20th CPC Central Committee and, in accordance with the proposals and arrangements of the 15th Five-Year Plan, advanced the construction of a unified national market, steadily expanded high-level opening-up, and promoted high-quality economic development.

For his part, T. Geithner stated that he is optimistic about China's economic development prospects. He stated that Warburg Pincus is prepared to further expand its presence in the Chinese market and promote deeper U.S.-Chinese trade and economic cooperation.

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