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China hopes for more investment from multinationals

(Xinhua)
Updated: 2009-05-26 16:18

China hopes US-based General Electric (GE) and other multinationals would increase investment, Vice Premier Li Keqiang said Monday.

"We continue our opening-up policy and oppose trade protectionism in any form," Li told visiting GE Chairman and Chief Executive Officer Jeff Immelt, saying that China offered opportunities for multinationals to expand their business and investment.

Li said the government was striving to support the development of high-tech and strategic emerging industries.

"Cooperation in these sectors would enjoy great potential," Li noted.

Li also discussed China's measures to cope with the global downturn.

Immelt said the GE valued its business in China and would continue its long-term investment.