Chinese vice president meets Royal Philips CEO

Chinese Vice President Han Zheng met with Royal Philips CEO Roy Jakobs in Beijing on Tuesday.

At the meeting, Han said that the current international development environment is undergoing complex and profound changes, with increased uncertainty and instability.

Noting that both China and the Netherlands are open economies that advocate, promote and benefit from economic globalization, Han said that China has always been committed to building an open global economy and promoting China-Netherlands and China-EU economic and trade cooperation with high-level opening-up, which will create new development opportunities for multinational companies.

Philips is welcome to continue exploring China's market in an in-depth way, expanding its research and development investment in the country, and playing a positive role in promoting sound development of China-EU economic and trade cooperation, said the Chinese vice president.

Noting that he was encouraged by Chinese President Xi Jinping's important speech at a meeting with representatives of the international business community last week, Jakobs said Philips is optimistic about the prospects of China's economic development and market opportunities.

Philips will continue to adhere to the long-term development strategy in China and promote exchanges and cooperation between the Netherlands and China, he said.

Chinese vice president meets Royal Philips CEO

Chinese vice president meets Royal Philips CEO

Chinese Vice Premier He Lifeng said on Monday that China welcomes foreign enterprises including Warburg Pincus and long-term capital to continue expanding their investment in China and deepen mutually beneficial cooperation with China.

He, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks when meeting with former U.S. Secretary of Treasury Timothy Geithner, now chairman of Warburg Pincus.

The vice premier said that China is fully implementing the guiding principles of the fourth plenary session of the 20th CPC Central Committee, in accordance with the suggestions and arrangements of the 15th Five-Year Plan, and advancing the building of a unified national market, unswervingly expanding high-level opening-up and promoting high-quality economic development.

For his part, Geithner said that he is optimistic about the prospects of China's economic development, and Warburg Pincus is willing to continue to deepen its presence in the Chinese market and promote the deepening of economic and trade cooperation between the United States and China.

China welcomes foreign enterprises, long-term capital to continue expanding investment in China: vice premier