Chinese Premier Li Keqiang  and Microsoft founder and second-richest man in the world Bill Gates in Beijing on Thursday.

Gates praised China for their efforts to combat climate change,  and for developing new energy industries. He said that companies from both countries could move technological innovation and the industrialization process forward, which could provide clean, reliable energy with a relatively low cost to developing countries.

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Renewable energy is an important issue to Gates' charity the Bill and Melinda Gates Foundation.

Li said China is ready to work with other countries to deal with climate change and develop clean energy, including nuclear power. He added that China wants U.S. companies to combine their advanced technology and design with China's support industries and construction abilities.

He said joint research and development between the two country's companies could help improve China's nuclear power industry. The Chinese government would also support the two sides cooperating on nuclear power in third markets to contribute to global sustainable development, Li said.

Bill Gates was in Beijing to attend the inauguration of China's first philanthropy institute the China Global Philanthropy Institute, and the Joint Philanthropy Education Initiative. More than 100 charity celebrities attended the ceremony.

This was not the first meeting between Gates and Li. In 2008, when Gates was in Beijing to attend the Olympics, the two met to discuss increased cooperation between China and Microsoft. At the time, Li said the potential market of China, with steady and rapid growth, should not be ignored by any investor with strategic perspective.

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