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Premier Li: High-tech cooperation brings high value-added returns

Updated: Oct 14,2019 10:12 PM    english.www.gov.cn

China’s door of opening-up will only open wider, Premier Li Keqiang said on Oct 14 while visiting Samsung (China) Semiconductor Co Ltd in Xi'an, capital of Northwest China’s Shaanxi province.

The company is wholly owned by Samsung Electronics, an electronics giant in the Republic of Korea. So far, a total of $10.87 billion have been invested in the first phase of the project, and the ongoing second phase will have an estimated investment of $15 billion.

Premier Li said that the Chinese market is vast and its industries are moving from the low-end to the middle and high-end, which contains huge business opportunities.

He also said that China welcomes high-tech companies from all over the world, including Samsung, to continue expanding their investment in China, and China will strictly protect intellectual property rights and treat all types of Chinese and foreign enterprises registered in China as equals.

The cooperation between Samsung and China over so many years has shown that high-tech cooperation brings high value-added returns, he added.

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