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Premier promotes international cooperation in production capacity

Updated: Jul 6,2015 3:43 PM

Premier Li Keqiang stressed the importance of international cooperation in production capacity during his visit to Belgium and France - including in his speech at the headquarters of the Organization for Economic Cooperation and Development (OECD) in Paris - between June 28 and July 2.

Premier Li also addressed the 10th China-EU Business Summit in Brussels on June 29, and proposed to combine international cooperation in production capacity with the European Union’s Juncker Investment Plan - a suggestion welcomed by Jean-Claude Juncker, president of the European Commission.

On June 30, the Premier held a joint press conference with French Prime Minister Manuel Valls in Paris, and said that China and developed countries can complement one another through international cooperation in production capacity - and that such cooperation will help China upgrade its industries and will help developed countries increase their exports.

China and France agreed to carry out third-party cooperation in fields including civil nuclear energy and high-speed railway.

Valls said that France supports French companies that wish to conduct third-party cooperation with Chinese companies in fields including energy, the environment and infrastructure.

Premier Li said during his address at the OECD headquarters on July 1 that it is important to uphold the environment for peaceful development, step up structural reform, and carry out global cooperation in production capacity in order to sustain global economic development.

“China’s production capacity will be joined with advanced technology of France and other developed countries to promote infrastructure development, industrialization and poverty reduction in developing countries,” said the Premier.

OECD Secretary-General Angel Gurria said that the organization agrees with the measures the Chinese government has taken to boost economic development, and is willing to contribute to China’s economic and social development.

During the Premier’s visit to the OECD headquarters, China accepted the organization’s invitation to join the OECD Development Centre.