China pledges enhanced support for foreign-invested enterprises

Vice-Premier Ding Xuexiang said China is willing to create a more favorable environment and better conditions for foreign-invested enterprises to invest and prosper within China when meeting with Oliver Blume, chairman of Volkswagen's board of management in Beijing on Wednesday.

Ding, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, also reiterated China’s commitment to keep opening up to the rest of the world.

According to Ding, the Chinese and German economies are highly complementary with huge potential for cooperation. As major responsible countries, China and Germany should join hands in promoting trade and investment liberalization and facilitation, he said.

Ding also called on the two countries to jointly safeguard the stability and security of global industrial and supply chains so as to make contributions to global economic growth and governance.

Noting that the prospects for China-Germany cooperation in the automotive sector, Ding said China welcomes Volkswagen to continue leverage its strengths, expand investment in China and achieve its greater development through mutually beneficial cooperation.

Blume appreciated China’s strong support for Volkswagen’s development, saying that the German car group cherishes its friendship with China and the Chinese people.

Volkswagen will increase input in key areas and keep developing its business in China, he said.