BEIJING, April 29 -- Chinese Vice Premier He Lifeng met with Chey Tae-won, chairman of the Korea Chamber of Commerce and Industry (KCCI) and chairman of SK Group, on Monday in Beijing.

He, also a member of the Political Bureau of the Communist Party of China Central Committee, said that China is applying its new development philosophy in full, accelerating its construction of a new development paradigm, cultivating new quality productive forces, firmly promoting high-quality development, creating a market-oriented and law-based international business environment, and stepping up efforts to attract foreign investment.

"We welcome companies from the Republic of Korea to expand investment in China," He said.

Chey Tae-won said that SK Group is full of confidence in the Chinese economy and will continue to promote investment and cooperation in China.