Chinese vice premier eyes intensified Sino-UK partnership Wednesday, January 12, 2011
Chinese Vice Premier Li Keqiang delivers a speech during the China-Britain Business Council Banquet in London, Britain, Jan. 11, 2011. (Xinhua/Rao Aimin)

Visiting Chinese Vice Premier Li Keqiang said on Tuesday he hopes the full strategic partnership between China and Britain could be brought to a higher level.

He said this at an event with the Chinese and British business communities, which was also attended by British Foreign Secretary William Hague and Business Secretary Vince Cable.

The world economy is recovering and growing, and is undergoing faster changes and adjustments. But the recovery is not yet solid due to the deep-seated impacts of the international financial crisis, Li said.

"Nonetheless, we believe that with risk comes hope, and with challenge comes opportunity," Li said.

"We must adapt to the profound changes in the global economy and we must be bold enough to make innovation and changes so that the process leading our world back to prosperity will be sustainable."

Calling China and Britain two important countries in the world, Li said their relationship has entered a new stage of mature, sound and steady development, with dynamic and fruitful trade and economic cooperation.

Li then made a three-point proposal to further boost their partnership and boost two-way trade toward the target of 100 billion U.S. dollars.

Firstly, he said, Beijing and London should cooperate on large projects.

"We support investment and trade cooperation between Chinese and British companies in auto parts, petrochemical industry, high technologies and infrastructure construction, as well as China-UK cooperation on projects in third countries," Li said.

Secondly, Li urged both sides to create new cooperation highlights.

"Green economy is essential to China's development, and energy-saving and environment-friendly industries are where Britain leads the world." ( He also expected both countries to enhance cooperation in such areas as low-carbon technologies, new energy and sustainable city construction.

Thirdly, both sides should complement each other's advantages, as Britain has the cutting edge in the creative industry and new energy, while China has a huge market, said Li, who also welcomed more British companies to promote their competitive products and services in China, and encouraged Chinese enterprises to invest in Britain.

The two countries should meanwhile further exchanges and cooperation in culture, education, medical care and public health, Li said.

When continuing to improve its investment environment, the Chinese side also wishes Britain to ease restrictions on high-tech exports to China and further facilitate travels to Britain of Chinese businessmen, and promote the EU to recognize China's market economy status and lift arms embargo on China, Li said.

"Innovation knows no limits, and prosperity requires our cooperation," Li said.

"We now stand at a crucial juncture of global economic recovery and a key moment in the development of China and the UK," Li said, calling on both sides to jointly work in a pioneering, innovative and win-win spirit to bring about common prosperity and a better future for bilateral ties.

During the event, Li also introduced to the guests China's development plan for the coming five years.

China's endeavors to expand domestic demand, achieve innovation-driven transformation and green development are all put within the broader context of opening up, Li said.

Vowing that China will pursue a more proactive opening-up strategy, enhance international exchanges and cooperation, and bring in advanced technologies and managerial expertise from abroad, the Chinese vice premier also said China will increase import of foreign commodities and services.

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Editor: Deng Shasha
Source: Xinhua