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Premier visits HK-owned company in Nanjing

Updated: Nov 30,2018 8:49 AM

Premier Li Keqiang visited Nanjing Chervon Industry, a Hong Kong-owned company on Nov 29. The company mainly produces various kinds of electrical tools such as drills and gardening tools, and 90 percent of the products are exported to European and US markets.

After visiting the workshop, Premier Li said it is a typical case of traditional domestic industry turning into middle- and high-end, through a “three-in-one” strategy: developing brand through R&D and innovation, taking advantage of domestic labor cost, and the comparative advantage of manufacturing.

Being asked by the Premier whether there were any difficulties at the moment, the Hong Kong businessman, who is also the company leader, responded that there is no problem as long as China continues to reform and open up.

Premier Li guaranteed that the country will unswervingly deepen reform and expand opening-up.