On the
5th September 2005 the EU-China
Business Summit was held in
Beijing, under the UK presidency
of the European Union. The
EU-China Business Summit was an
extremly successful occasion for
both European and Chinese
business communities, where
influential political and
business leaders gathered to
discuss key business topics. Chinese
Premier Wen Jiabao on Monday put
forward a five-point proposal on
cooperation between China and
the European Union, hoping that
the two sides would increase
cooperation in such fields as
service trade, investment, and
science and technology.
Addressing the EU-China Business
Summit, Wen said China and the
EU enjoy strong economic
complementarity and broad
prospects in economic
cooperation. To increase
cooperation, Wen proposed that
the two sides improve the level
of service trade cooperation.
Among the more than 160 service
trade departments sorted by the
World Trade Organization, China
has opened more than 100
departments to the outside
world, close to the level of
developed countries.
"The
EU enjoys great advantages in
modern service industry, and
China and the EU share potential
in service cooperation," Wen
said. The two sides should
enlarge the scale of mutual
investment, deepen cooperation
in investment and open new
investment channels to
streamline the investment
structure.
Wen also proposed the two sides
promote exchanges and
cooperation in science and
technology, encourage all kinds
of companies, including
medium-sized and small ones, to
take part in the China-EU
scientific and technological
cooperation.
China and the EU should
strengthen coordination in world
economic and trade, jointly cope
with challenges brought about by
economic globalization and
create an international
environment conducive to
enhancing cooperation.
The two sides should properly
solve differences and friction
between them, the premier said.
China and the EU have set up
sound dialogue and consultation
mechanisms in various fields
over the past years, Wen said,
hoping that the two sides would
make full use of these
mechanisms to deepen mutual
understanding, narrow
differences and boost
cooperation.
