Premier Li Kequiang has committed to further enhance China's investment climate by establishing a fair, equal and transparent market for foreign business people.

"The Chinese government will take more measures to attract foreign investors by cultivating a market which is more fair, equal and transparent," Premier Li said in his remarks during the Fourth Global CEO Council Round Table Summit.

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The summit, hosted by the Chinese People's Association for Friendship with Foreign Countries, was participated in by15 presidents and chief executive officers of multinational corporations.

Among the main objectives of the summit was to present a clear picture of China's investment climate, particularly the major investment opportunities and challenges facing multinational corporations as China implements its13th Five-Year Plan (2016-2020).

According to Li, China is in the process of restructuring and upgrading its economy, wherein the consumption and service sector contribute more than fifty percent to the nation's economic growth.

The premier pointed out that the country's telecommunications, healthcare and sports sectors hold great potential, and could therefore present new opportunities for multinational corporations.

"As the largest developing country, China is undergoing industrialization and urbanization and has great potential to be one of the most attractive destinations for foreign investments," Li said.

The 15 business leaders who attended the summit were heads of Fortune 500 companies, which included the German automobile maker Daimler AG, the US sports company Nike, and Finland's telecommunication giant Nokia.

There was a consensus among the business leaders that their firms were facing more opportunities than challenges in China, as they also noted that the nation's strong economic fundamentals appealed to foreign investment.

During the summit, the business leaders committed to actively participate in business startups, innovation and the green economy, and at the same time, work with their Chinese counterparts in order to raise the level of industrial cooperation and development.

Chen Fengying, a researcher on the global economy at the Chinese Academy of Social Sciences, noted the significant contribution multinational companies have made in helping to improve China's investment climate, as well as boosting the nation's economic growth. 

TagsPremier Li Kequiang, china, China Investment Climate