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China-UK Business Summit Held in Beijing, Wang Yang Attends Opening Ceremony and Delivers Speech

On Dec. 2, 2013, Vice Premier Wang Yang of the State Council and British Prime Minister David Cameron jointly attended the opening ceremony of the China-UK Business Summit in Beijing and delivered speeches.

Wang Yang pointed out that the UK is the first developed country to have achieved industrialization, and China is the largest developing country. China and the UK are highly complementary in their economies, and can certainly become long-term partners to complement each other's advantages and to achieve win-win cooperation. We should give full play to each other's comparative advantages, expand the scale of cooperation in economy and trade, broaden cooperative fields, upgrade the level of cooperation, and strive to realize the goal of bilateral trade volume reaching 100 billion US dollars in 2015.

Wang Yang stressed that expanding opening-up is the inevitable choice to realize the Chinese dream. The just held Third Plenary Session of the 18th CPC Central Committee has made a series of important deployment to comprehensively deepen reform and expand opening-up. We will optimize the layout of opening-up regions, expand opening-up areas, greatly shorten the administrative process for examining and approving foreign investment utilization and investment in foreign countries, unify laws and regulations on domestic and foreign capital, make foreign investment policy stable, transparent and foreseeable, and enhance the confidence of various companies in making long-term investment in China.

Prior to the summit, Wang Yang met with David Cameron. Wang Yang said that the bilateral economic and trade cooperation is the most active driving force for the China-UK relations. China appreciates the UK's open attitude in the economic and trade cooperation with China, and hopes that both sides will comprehensively deepen pragmatic cooperation and continue to enrich the connotations of the China-UK comprehensive strategic partnership. David Cameron said that China has rapid development and large market potentials, and there are great opportunities facing the bilateral pragmatic cooperation. The UK is committed to promoting trade and investment liberalization and welcomes Chinese enterprises investing in the UK to upgrade the level of economic and trade cooperation between the two countries.

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