Premier Li urges negotiations on China-EU joint investment fund

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BEIJING, Sept. 28 (Xinhua) — Premier Li Keqiang met with European Commission Vice President Jyrki Katainen here on Monday, calling for negotiations on a China-EU joint investment fund to be sped up.

“This would help promote bilateral investment, financial cooperation and joint exploration of the third-party market, and also reveals China’s firm support for the euro’s stability and EU solidarity,” Li said.

Hailing the progress of China-EU ties, Li said despite a complicated international situation and tepid economic recovery, improved China-EU cooperation would not only benefit the two sides, but sends positive signs to the world.

Recalling the 17th China-EU leaders’ meeting in Brussels in June, Li said China and EU leaders discussed integrating development strategies, deepening cooperation and facilitating bilateral investment treaty negotiations.

He said the Chinese economy is still within the reasonable range, adding that the fundamentals and long-term positive trend of China’s economic development remained unchanged.

China’s economy maintained medium-high speed of growth and was moving toward medium-high level of development, Li said, adding that this will provide more room for enhanced China-EU cooperation.

Katainen, in his turn, said the EU was ready to enhance coordination with China on macro-economy policies, and offer support for China’s reform and opening-up.

The EU hopes to speed up negotiations with China on establishing a joint investment fund and boost progress of bilateral investment treaty negotiations, he said.

Katainen is in Beijing to co-chair the fifth China-EU high level economic and trade dialogue with Chinese Vice Premier Ma Kai.

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