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Economy · Govt · Policy
Premier Li Keqiang meets BMW chairman, discusses China’s opening up plan
2018/10/11 04:05:39
China's Financial News, China News, Li Keqian

Oct 11, 2018 (China Knowledge) - The premier of China's State Council, Li Keqiang met with chairman of Germany's BMW Group Harald Krger, yesterday, in Zhongnanhai, Beijing.

Li said that deepening China-Germany pragmatic cooperation is in the common interests of both sides. The new cooperation project between BMW and China is about to be launched in Liaoning Province, BMW will be the first beneficiary of China's easing restrictions on foreign investment in the auto industry. This shows that China's new measures to open up to the outside world are not only lip service, but are followed by concrete measures.

Li also pointed out that China will continue to be a popular destination for foreign investors in future. He said that "we welcome companies from all countries, including Germany, to seize opportunities to expand investment in China and better realize common development and mutual benefit".

During the fifth round of consultations between the German and Chinese governments in July this year, the two head of governments witnessed the signing of the strategic cooperation framework agreement between BMW group and its Chinese partner. Krger has said that "China is the largest market for BMW. We cherish the investment opportunities in China and would like to further expand cooperation by taking the opportunity of the new factory in Liaoning Province. Some models will be sold to the global market it will be a win-win situation for both parties".

"To see a 'made in China' BMW X3 electric car anywhere in the world in the future will be a moment of proud for us, said Krger. "The success of BMW group in China is inseparable from the stable policy environment support of the Chinese government."

In response, Li Keqiang said, "China is not only a huge market, but also a strategic fulcrum for you to explore the world market. Please believe that China's opening up policy will not change, but will be broader and more vigorous."

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