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Chinese premier promises investors fairness, commitment to sustainability

China Daily, September 14, 2010 -- In an address at the opening plenary session of the World Economic Forum's fourth Annual Meeting of the New Champions, also known as the “Summer Davos,”Chinese Premier Wen Jiabao said that while China would maintain its rapid economic expansion and continue efforts to stimulate domestic demand, it is committed to balancing growth with sustainability.

“China's economic growth has provided major development opportunities for multinationals and created huge demand for major economies and neighboring countries,” Wen noted. “It has become an important engine for world economic recovery.”

China, he pledged,“will continue to conserve resources, protect the environment and raise the efficiency of resource utilization and the capacity to tackle climate change.”

Introduced in 2007, the Annual Meeting of the New Champions is the foremost global business gathering inAsia. Over 1,500 business, government and civil society leaders from 85 countries are participating in the three-day meeting, which is hosted in partnership with the Government of the People's Republic of China, represented by the National Development and Reform Commission (NDRC).

In his address, Wen assured investors that his country would treat foreign-invested enterprises fairly.

“I wish to reiterate that all enterprises registered in China according to Chinese laws are Chinese enterprises and their products are made-in-China products,” he said.


Foreign-invested enterprises registered inChina would receive “national treatment,” he stressed.

“In government procurement,China gives equal treatment to products from foreign-invested enterprises and Chinese-invested enterprises alike,” he said.

Wen also underscored thatChina gives high priority to intellectual property protection and has made this a national strategy.

Reacting to Wen's speech, Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, told participants, “China will continue on a fast growth path but at the same time pursue policies that are socially inclusive and also address the question of resource efficiency.”

A growingChina is very important to maintaining the necessary confidence level in the world economy, Schwab said.

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