China should improve the performance of foreign capital and
introduce more advanced technology and management expertise,
Premier Wen Jiabao said during a tour of Guangzhou on
Sunday.
Accompanied by local officials, Wen visited several joint
ventures and foreign-funded companies to learn about their business
performance.
At the Sino-Japan Guangqi Toyota Engine Co Ltd, Wen said China
must bring in the best technology through establishing joint
ventures with foreign companies. This would enable, he said, the
joint venture to develop more China-made machine parts.
At GE Plastic (China), Wen said China boasts convenient
infrastructure, a vast market and well-trained employees. He urged
foreign-funded companies to be far-sighted and conduct long-term
cooperation with China.
During the inspection, Wen said China will continuously improve
laws and regulations related to the business of foreign companies,
create a fair environment and protect the legitimate rights of all
kinds of companies.
(Xinhua News Agency October 17, 2006)
