Chinese vice-premier meets UBS, CISCO leaders

BAD RAGAZ, Switzerland, Jan. 27 (Xinhua) -- Visiting Chinese Vice-Premier Li Keqiang held talks here Wednesday with Swiss Bank Corporation (UBS) Chairman Kaspar Villiger and CISCO Chairman and Chief Executive Officer John Chambers on international economic situation and cooperation.

Chinese Vice Premier Li Keqiang (L) meets with Kaspar Villiger, chairman  of the Board of Directors of UBS, in Bad Ragaz, Switzerland, Jan. 27, 2010. (Xinhua/Xie Huanchi)

During the talks, Li briefed Villiger and Chambers on the economic situation in China, particularly China's adoption of measures to deal with the global financial crisis, China's achievements in tackling the crisis and China's socioeconomic development strategies in a next period of time.

Li said that promotion of mutually beneficial and win-win cooperation between Chinese enterprises and investors from all countries, including transnational companies, is a major part of China's basic national policy of opening up.

Along with in-depth development of the process of economic globalization, China's competitive advantages in attracting and taking foreign investment will continue to remain and will keep strengthening.

The Chinese government will continue to provide a better investment and development environment for enterprises from all countries in China.

Chinese Vice Premier Li Keqiang (R) meets with Chairman and Chief Executive Officer of Cisco Systems John Chambers in Bad Ragaz, Switzerland, Jan. 27,  2010. (Xinhua/Xie Huanchi)

Li stressed that China will continue to unswervingly implement the basic national policy of opening-up. He said that in the process of opening up, China will make an active and effective use of foreign capital, and will manage to give better play to the positive role of foreign capital in China's reform of its economic structure and in promoting long-term, stable and relatively rapid development in China.

Villiger and Chambers expressed the opinion that in the face of the global financial crisis, the Chinese government adopted a package of active and effectual economic stimulus plans in a timely manner, which swiftly brought about obvious results, and which enabled China to take the lead in tiding over the global financial crisis.

They said that foreign companies doing business in China are optimistic about the prospect of China's economic development and are willing to participate in China's process of economic development on a long-term and sustainable basis, to realize mutual benefit and a win-win situation.

Li arrived in Zurich earlier Monday for a four-day visit to Switzerland, during which he will also attend this year's World Economic Forum annual meeting in the Alpine ski resort of Davos.