Country welcomes foreign investors, reinforced cooperation, premier says

China will continue to be a long-term popular destination for foreign investment, and the country welcomes enterprises from other countries to expand their cooperation and investment, Premier Li Keqiang said on Wednesday.

He made the statement when meeting with Elon Musk, CEO of Tesla Inc, at the Zhongnanhai leadership compound in Beijing.

The premier congratulated Tesla for breaking ground on Monday for a new plant in Shanghai, which will be the first solely foreign-owned project in new energy vehicles, made possible after China removed equity share caps on foreign ownership. Li said the US company is expected to further participate in China's reform and opening-up and contribute to the stable development of China-United States relations.