Chinese Premier Li Keqiang has called on Asian and European countries to jointly safeguard the positive momentum of the global economic recovery, stressing the importance of multilateralism, open economy, connectivity and people-to-people exchanges.
Li made the remarks on Friday in Brussels when addressing the 12th Asia-Europe Meeting Summit (ASEM) themed "Europe and Asia: Global Partners for Global Challenges", which brought together leaders of 53 ASEM members and international organizations.
Risks and challenges can't be overlooked as countries strive for peace and development in a world faced with uncertainties, Li said.
Noting that Asia and Europe are two stabilizing forces of the world as well as two major economic blocs, Li said Asian and European countries, faced with new circumstances and challenges, should rise up to their responsibilities to maintain world peace while boosting development and prosperity.
He said countries should address global challenges by enhancing cooperation and practicing multilateralism.
Li said Asian and European countries must strengthen consultation and cooperation, firmly uphold the rules-based international order, the authority of the United Nations, and the purposes and principles of its charter.
The premier urged Asia and Europe to stay committed to building an open world economy, saying that the hard-won momentum of the world economic recovery still calls for adherence to open development, and promoting a more inclusive and balanced global division of labor.
The two continents should also resolutely safeguard the rules-based multilateral trading system and consolidate the foundation for economic globalization and free trade, he added.
When making appropriate adjustments and improvements to the existing rules of the World Trade Organization, Li said, the basic principle of free trade should be adhered to, the interests and concerns of all sides should be fully taken into consideration. Special attention should also be paid to protecting the rights and interests of developing countries.
Efforts should be made to both promote global economic growth and prosperity and narrow the South-North gap, the premier said.
Li called for promoting connectivity of infrastructure to build networks of transportation, industries, and logistics across Asia and Europe.
Meanwhile, he said, involved countries should also enhance "soft connectivity" of systems, policies, rules and standards in order to stimulate vigor of elements such as capital, technology, services and data.
He also called for efforts to further align the China-proposed Belt and Road Initiative with development strategies of various countries to achieve shared development and prosperity.
Li stressed the need to increase people-to-people exchanges to inject greater vitality into the Eurasian cooperation.
The Chinese premier said China is still a developing country with insufficient and imbalanced development.
But he said China, with over 1.3 billion population and a huge market, has the ability and ample room for maneuver to deal with external changes.
"China surely can maintain healthy and sustainable economic growth," Li said.
He said China will deepen reform across-the-board to build a just and fair market environment in which all domestic and foreign enterprises are treated equal.
"We will further open up, strengthen intellectual property rights protection, create a world-class law-based business environment," he said. "I am confident that as long as we work together through thick and thin, more benefits can be delivered to the people of Eurasia."
Delegates from other countries said Asian and European countries have become the major engine driving global economic prosperity and trade growth.
Against the backdrop of complicated and uncertain international environment, they said, all countries on the two continents should further build their consensus, work together, jointly safeguard rules-based multilateralism and free trade system, and work hard to eradicate poverty, expand opening-up, and make concerted efforts in coping with challenges such as climate change and terrorism.
The Belt and Road Initiative and the Eurasian connectivity strategy would be conducive to utilizing the regions' comparative advantages and resources, and promoting regional connectivity and trade balance, they said.
Noting that trade is mutually beneficial and win-win in essence instead of a zero-sum game, the delegates said countries on the two continents are willing to push forward relevant free trade arrangements, which will help resist protectionism, reduce trade barriers, promote sustainable trade and economic growth, and jointly safeguard regional development, prosperity, security and stability.
Reported by Xinhua (China).
China and Russia have become the key factors and constructive forces in promoting world peace and stability, setting a good example of relations between major countries and neighbouring countries, said President Xi Jinping.
He made the remarks while meeting with Russian Defence Minister Sergey Shoygu, who extended cordial greetings to Xi...
China and Russia have become the key factors and constructive forces in promoting world peace and stability, setting a good example of relations between major countries and neighbouring countries, said President Xi Jinping.
He made the remarks while meeting with Russian Defence Minister Sergey Shoygu, who extended cordial greetings to Xi...
The China Development Bank supported 32 projects in Kazakhstan. The total amount of funding amounted to more than $20 billion.
“I want to note that the CBD has established a special credit line in the amount of 15 billion dollar. As part of this, 4 key projects were implemented in Kazakhstan....
The China Development Bank supported 32 projects in Kazakhstan. The total amount of funding amounted to more than $20 billion.
“I want to note that the CBD has established a special credit line in the amount of 15 billion dollar. As part of this, 4 key projects were implemented in Kazakhstan....
After months of negotiation, Chinese company Thunder Power Holdings and Belgian investment fund SOGEPA concluded a deal on Friday to manufacture a new electric city car called Chloe in Belgium.
Thunder Power Electric Vehicles (TPEV) -- a technology innovator and manufacturer of electric vehicles -- chose the region of Wallonia...
After months of negotiation, Chinese company Thunder Power Holdings and Belgian investment fund SOGEPA concluded a deal on Friday to manufacture a new electric city car called Chloe in Belgium.
Thunder Power Electric Vehicles (TPEV) -- a technology innovator and manufacturer of electric vehicles -- chose the region of Wallonia...
Deals for 65 production capacity cooperation projects, worth 142.7 billion yuan (about 20.6 billion US dollars) in total, were signed at an international forum that concluded Saturday in central China's Hubei Province.
Over 2,500 delegates from 94 countries, mainly countries participating in the Belt and Road Initiative, attended the Forum on...
Deals for 65 production capacity cooperation projects, worth 142.7 billion yuan (about 20.6 billion US dollars) in total, were signed at an international forum that concluded Saturday in central China's Hubei Province.
Over 2,500 delegates from 94 countries, mainly countries participating in the Belt and Road Initiative, attended the Forum on...
China is capable and confident of reaching its annual economic growth target of around 6.5 percent in 2018 despite the increasing downward pressure, and the economy will maintain steady growth next year, a spokesperson of the country's statistics bureau said on Friday. The comments came after the bureau released economic...
China is capable and confident of reaching its annual economic growth target of around 6.5 percent in 2018 despite the increasing downward pressure, and the economy will maintain steady growth next year, a spokesperson of the country's statistics bureau said on Friday. The comments came after the bureau released economic...
China's crude oil production dropped slightly in September, as output in some typhoon-hit areas fell. Total crude oil production slipped 2.4 percent year-on-year to 15.18 million tons last month, as compared with a 0.2-percent increase in August, data from the National Bureau of Statistics (NBS) showed.
Some oil fields in South...
China's crude oil production dropped slightly in September, as output in some typhoon-hit areas fell. Total crude oil production slipped 2.4 percent year-on-year to 15.18 million tons last month, as compared with a 0.2-percent increase in August, data from the National Bureau of Statistics (NBS) showed.
Some oil fields in South...
Northwest China's Xinjiang Uygur Autonomous Region has seen a surge in electricity generation from clean energy.
According to State Grid Xinjiang Electric Power Co, wind and solar power generated 27.81 billion and 9.07 billion kilowatt hours (kwh) of electricity, respectively, in the first nine months of 2018 in...
Northwest China's Xinjiang Uygur Autonomous Region has seen a surge in electricity generation from clean energy.
According to State Grid Xinjiang Electric Power Co, wind and solar power generated 27.81 billion and 9.07 billion kilowatt hours (kwh) of electricity, respectively, in the first nine months of 2018 in the region. With...
China's yuan funds outstanding for foreign exchange saw a decline last month, official data shows. The funds stood at 21.4084 trillion yuan (about 3.09 trillion US dollars) at the end of September, down from 21.5278 trillion yuan a month earlier, according to the People's Bank of China, the country's...
China's yuan funds outstanding for foreign exchange saw a decline last month, official data shows. The funds stood at 21.4084 trillion yuan (about 3.09 trillion US dollars) at the end of September, down from 21.5278 trillion yuan a month earlier, according to the People's Bank of China, the country's...
China's road freight transport continued fast expansion in the first nine months of 2018, the Ministry of Transport said Saturday. From January to September, the amount of cargo carried on roads, which takes up the lion's share in China's total cargo transport, increased 7.5 percent year...
China's road freight transport continued fast expansion in the first nine months of 2018, the Ministry of Transport said Saturday. From January to September, the amount of cargo carried on roads, which takes up the lion's share in China's total cargo transport, increased 7.5 percent year on year to...
China is capable and confident of reaching its annual economic growth target of around 6.5 percent in 2018 despite increasing downward pressure, as the country's structural reforms yielded results, officials and experts said on Friday. The comments came after the country's statistics bureau released economic data which has been closely...
China is capable and confident of reaching its annual economic growth target of around 6.5 percent in 2018 despite increasing downward pressure, as the country's structural reforms yielded results, officials and experts said on Friday. The comments came after the country's statistics bureau released economic data which has been closely...
China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.
Chinese authorities are trying to navigate through numerous challenges, as...
China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.
Chinese authorities are trying to navigate through numerous challenges, as...
China has become the largest recipient of foreign direct investment (FDI) in the first half of 2018, attracting an estimated 70 billion U.S. dollars in inflows, according to the latest investment trends monitor published on Monday by the United Nations Conference on Trade and Development (UNCTAD).
According to the UNCTAD, global...
China has become the largest recipient of foreign direct investment (FDI) in the first half of 2018, attracting an estimated 70 billion U.S. dollars in inflows, according to the latest investment trends monitor published on Monday by the United Nations Conference on Trade and Development (UNCTAD).
According to the UNCTAD, global...
China's consumer inflation, measured by consumer price index, edged up in September, according to the National Bureau of Statistics on Tuesday.
CPI growth reached 2.5 percent last month, up from 2.3 percent in August. It was the highest level in seven months.
The rise in CPI was mainly caused by food price...
China's consumer inflation, measured by consumer price index, edged up in September, according to the National Bureau of Statistics on Tuesday.
CPI growth reached 2.5 percent last month, up from 2.3 percent in August. It was the highest level in seven months.
The rise in CPI was mainly caused by food price...
China's central state firms continued to see strong revenue growth in the first three quarters of the year, official data showed Monday.
Aggregate revenues of the country's nearly 100 centrally-administered state-owned enterprises (SOEs) increased 11 percent year-on-year to 21.1 trillion yuan (3.05 trillion U.S. dollars) in the January-September period, the State-owned...
China's central state firms continued to see strong revenue growth in the first three quarters of the year, official data showed Monday.
Aggregate revenues of the country's nearly 100 centrally-administered state-owned enterprises (SOEs) increased 11 percent year-on-year to 21.1 trillion yuan (3.05 trillion U.S. dollars) in the January-September period, the State-owned...
China's top securities regulator vows to protect investors' interests especially those of the small and medium-sized investors, Securities Times reported on Monday.
China will make efforts to establish an open, fair, just and transparent capital market ecosystem, boosting investors' confidence in capital market's reform and opening-up and regulatory measures.
Liu Shiyu, chairman...
China's top securities regulator vows to protect investors' interests especially those of the small and medium-sized investors, Securities Times reported on Monday.
China will make efforts to establish an open, fair, just and transparent capital market ecosystem, boosting investors' confidence in capital market's reform and opening-up and regulatory measures.
Liu Shiyu, chairman...
China's jobs market performed stably in September with declining unemployment rate and rising job creation, data showed Friday.
In September, the surveyed unemployment rate in urban areas came in at 4.9 percent, down 0.1 percentage point from the same period a year ago and from that recorded a month ago, according...
China's jobs market performed stably in September with declining unemployment rate and rising job creation, data showed Friday.
In September, the surveyed unemployment rate in urban areas came in at 4.9 percent, down 0.1 percentage point from the same period a year ago and from that recorded a month ago, according...
The first full-scale summit of the leaders of China and Japan in seven years is as much a cause for celebration as the event it also marks, the 40th anniversary of the signing of a landmark peace and friendship treaty.
When President Xi Jinping meets Japanese Prime Minister Shinzo Abe in...
The first full-scale summit of the leaders of China and Japan in seven years is as much a cause for celebration as the event it also marks, the 40th anniversary of the signing of a landmark peace and friendship treaty.
When President Xi Jinping meets Japanese Prime Minister Shinzo Abe in...
India, as one of the key emerging economies along the route of the Belt and Road initiative (BRI), is a partner that China cannot ignore as it seeks to diversify its international trade. China and India are the world's two most populated countries, as well as two...
India, as one of the key emerging economies along the route of the Belt and Road initiative (BRI), is a partner that China cannot ignore as it seeks to diversify its international trade. China and India are the world's two most populated countries, as well as two crucial Asian economies....
Chinese telecom giant Huawei Technologies Inc's recently announced three-year development plan for the Indian market could help the company mitigate a delicate situation with some Indian officials, who, following officials in the West, are reportedly concerned about Chinese companies' operations, analysts said on Sunday.
The plan, which contains millions in investments...
Chinese telecom giant Huawei Technologies Inc's recently announced three-year development plan for the Indian market could help the company mitigate a delicate situation with some Indian officials, who, following officials in the West, are reportedly concerned about Chinese companies' operations, analysts said on Sunday.
The plan, which contains millions in investments...
China's electricity meter giant Hexing Sunday signed a joint venture pact with a state-owned Bangladeshi firm to develop a new company in the country's southern Khulna region to produce smart prepaid meters.
Officials of the Bangladeshi state-owned West Zone Power Distribution Company (WZPDCL) and Chinese Hexing Electrical Company Limited signed...
China's electricity meter giant Hexing Sunday signed a joint venture pact with a state-owned Bangladeshi firm to develop a new company in the country's southern Khulna region to produce smart prepaid meters.
Officials of the Bangladeshi state-owned West Zone Power Distribution Company (WZPDCL) and Chinese Hexing Electrical Company Limited signed...
HSBC, with its presence across nine markets in the region, is set to play a huge role in investment flows into the Middle East, North Africa and Turkey (MENAT), a senior bank official has said.
The investments will come through Beijing’s Belt and Road Initiative (BRI), Helen Wong, HSBC’s chief executive...
HSBC, with its presence across nine markets in the region, is set to play a huge role in investment flows into the Middle East, North Africa and Turkey (MENAT), a senior bank official has said.
The investments will come through Beijing’s Belt and Road Initiative (BRI), Helen Wong, HSBC’s chief executive...
Chinese Premier Li Keqiang pledged on Friday joint efforts between his country and Greece to push for new achievements in practical cooperation marked by port projects in Piraeus.
Li made the remarks when meeting with his Greek counterpart, Alexis Tsipras, on the sidelines of the 12th Asia-Europe Meeting Summit in Brussels.
Li...
Chinese Premier Li Keqiang pledged on Friday joint efforts between his country and Greece to push for new achievements in practical cooperation marked by port projects in Piraeus.
Li made the remarks when meeting with his Greek counterpart, Alexis Tsipras, on the sidelines of the 12th Asia-Europe Meeting Summit in Brussels.
Li...
Siemens Healthineers, the healthcare arm of German industrial giant Siemens, announced on Friday an update to its investment in China by setting up a new laboratory diagnostics plant in Shanghai.
The company's decision to expand its capacities in Shanghai comes as the Chinese government further opens up its market of medical...
Siemens Healthineers, the healthcare arm of German industrial giant Siemens, announced on Friday an update to its investment in China by setting up a new laboratory diagnostics plant in Shanghai.
The company's decision to expand its capacities in Shanghai comes as the Chinese government further opens up its market of medical...
China will further expand its market access in manufacturing and financial and other services to worldwide investors to continue its opening-up, Premier Li Keqiang said on Monday.
Li made the remark when he jointly met the media with Mark Rutte, prime minister of the Netherlands, in The Hague.
Li said agreements worthy...
China will further expand its market access in manufacturing and financial and other services to worldwide investors to continue its opening-up, Premier Li Keqiang said on Monday.
Li made the remark when he jointly met the media with Mark Rutte, prime minister of the Netherlands, in The Hague.
Li said agreements worthy...
China and the Netherlands agreed to enhance exchanges and cooperation between the two legislative bodies for the further development of the two countries' relations.
Interactions between the two legislative bodies serve as an important part of China-Netherlands ties, Chinese Premier Li Keqiang said when meeting with Ankie Broekers-Knol, president of the...
China and the Netherlands agreed to enhance exchanges and cooperation between the two legislative bodies for the further development of the two countries' relations.
Interactions between the two legislative bodies serve as an important part of China-Netherlands ties, Chinese Premier Li Keqiang said when meeting with Ankie Broekers-Knol, president of the...
China and Norway signed an array of cooperative agreements including trade, sports exchanges and research innovation on Tuesday as the two countries pledged to develop a pragmatic partnership.
President Xi Jinping and visiting King Harald V of Norway witnessed the signing of the agreements after talks at the Great Hall of...
China and Norway signed an array of cooperative agreements including trade, sports exchanges and research innovation on Tuesday as the two countries pledged to develop a pragmatic partnership.
President Xi Jinping and visiting King Harald V of Norway witnessed the signing of the agreements after talks at the Great Hall of...
The just-passed US Build Act will create a new agency to lend to developing countries, particularly in Asia and Africa The legislation elevates the US into a potent player in global development financing, five years after Xi Jinping launched his Belt and Road Initiative.
Democrats and Republicans in the United States...
The just-passed US Build Act will create a new agency to lend to developing countries, particularly in Asia and Africa The legislation elevates the US into a potent player in global development financing, five years after Xi Jinping launched his Belt and Road Initiative.
Democrats and Republicans in the United States...
The U.S. dollar dipped on Monday after retail sales data for September missed economists' expectations, and as benchmark U.S. Treasury yields consolidated after last week hitting their highest level in seven years.
U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest...
The U.S. dollar dipped on Monday after retail sales data for September missed economists' expectations, and as benchmark U.S. Treasury yields consolidated after last week hitting their highest level in seven years.
U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest...
Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist, which has stoked worries about supplies from the world’s top crude exporter, but weighed by a falling equities market and concern over long-term demand outlook.
Brent crude futures rose 33 cents to $80.76 a barrel...
Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist, which has stoked worries about supplies from the world’s top crude exporter, but weighed by a falling equities market and concern over long-term demand outlook.
Brent crude futures rose 33 cents to $80.76 a barrel...
Gold rose more than 1 percent on Monday to its highest in about 2-1/2 months as investors sought refuge in the metal after mounting tensions between Western powers and Saudi Arabia compounded jitters in global stock markets.
Spot gold was up 1 percent at $1,230.05 per ounce at 1406 GMT, having...
Gold rose more than 1 percent on Monday to its highest in about 2-1/2 months as investors sought refuge in the metal after mounting tensions between Western powers and Saudi Arabia compounded jitters in global stock markets.
Spot gold was up 1 percent at $1,230.05 per ounce at 1406 GMT, having...
London metal prices slipped on Monday as the U.S. dollar strengthened and on concerns that escalating global trade tensions could hurt demand.
Concerns remain that trade tensions between China and the U.S. may dampen demand for metals even as China’s September trade data proved more resilient than expected last week.
The United...
London metal prices slipped on Monday as the U.S. dollar strengthened and on concerns that escalating global trade tensions could hurt demand.
Concerns remain that trade tensions between China and the U.S. may dampen demand for metals even as China’s September trade data proved more resilient than expected last week.
The United...
Chicago corn futures lost ground on Monday as the market took a breather following two sessions of strong gains that were triggered by a forecast of lower U.S. production.
Wheat eased slightly after climbing 1.8 percent on Friday, with prices supported by weaker production in Russia and Australia.
The Chicago Board of...
Chicago corn futures lost ground on Monday as the market took a breather following two sessions of strong gains that were triggered by a forecast of lower U.S. production.
Wheat eased slightly after climbing 1.8 percent on Friday, with prices supported by weaker production in Russia and Australia.
The Chicago Board of...
May is willing to drop a requirement on the issue of the Irish border, which has impeded the two parties coming to an agreement, Bloomberg reported, citing anonymous sources.
EU negotiator Michel Barnier earlier said that a Brexit deal was 90 percent done, but warned that failure to resolve the Irish...
May is willing to drop a requirement on the issue of the Irish border, which has impeded the two parties coming to an agreement, Bloomberg reported, citing anonymous sources.
EU negotiator Michel Barnier earlier said that a Brexit deal was 90 percent done, but warned that failure to resolve the Irish...
Oil prices rose on Friday on signs of surging demand in China, the world's No. 2 oil consumer, although prices were headed for a second weekly decline on swelling U.S. inventories and concern that trade wars were curbing economic activity. Brent crude futures rose 49 cents to settle at $79.78...
Oil prices rose on Friday on signs of surging demand in China, the world's No. 2 oil consumer, although prices were headed for a second weekly decline on swelling U.S. inventories and concern that trade wars were curbing economic activity. Brent crude futures rose 49 cents to settle at $79.78...
Gold prices edged up on Friday and were on course for a third straight week of gains, supported by robust technical momentum and a softer dollar.
Spot gold was up 0.1 percent to $1,225.75 an ounce by 3:14 p.m. EDT (1914 GMT). U.S. gold futures settled down $1.4, or 0.11 percent,...
Gold prices edged up on Friday and were on course for a third straight week of gains, supported by robust technical momentum and a softer dollar.
Spot gold was up 0.1 percent to $1,225.75 an ounce by 3:14 p.m. EDT (1914 GMT). U.S. gold futures settled down $1.4, or 0.11 percent,...
Copper rose on Friday and nickel prices rebounded from a one-month low after regulators in China pledged support for firms with liquidity issues brought on by months of slowing growth. Both metals ended the week down, however, under pressure from a firmer dollar and the negative effects of a lingering...
Copper rose on Friday and nickel prices rebounded from a one-month low after regulators in China pledged support for firms with liquidity issues brought on by months of slowing growth. Both metals ended the week down, however, under pressure from a firmer dollar and the negative effects of a lingering...
U.S. soybean futures fell to a one-week low on Friday and recorded a second straight weekly decline, pressured by fresh cancellations of U.S. soybean sales, traders said.
Corn futures fell for a fourth straight session and also notched a weekly drop, while wheat futures firmed after a three-session slide. Chicago Board...
U.S. soybean futures fell to a one-week low on Friday and recorded a second straight weekly decline, pressured by fresh cancellations of U.S. soybean sales, traders said.
Corn futures fell for a fourth straight session and also notched a weekly drop, while wheat futures firmed after a three-session slide. Chicago Board...
