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Premier: Trilateral cooperation benefits world economy
Updated: Jun 29,2015 11:02 PM

Premier Li Keqiang attends a joint news conference along with Belgian Prime Minister Charles Michel in Brussels on June 29.

Premier Li Keqiang attended a joint news conference on June 29 along with Belgian Prime Minister Charles Michel during which he said that trilateral cooperation will benefit developing countries, developed countries and the world economy.

The Premier said that some developing countries are undergoing the preliminary stage of their industrialization, and they need relevant equipment and production lines.

“China is entering its medium stage of industrialization, with the advantage of an abundant production capacity, whereas developed countries in Europe, including Belgium, and the US are in postindustrial stage with advanced technologies and equipment,” Li said.

The trilateral cooperation will benefit all the parties and may give a boost to the recovery of the world economy, he said.