Chinese Ambassador Urges Cooperation at 3rd UK-China Business Leaders Summit
London, The Gulf Observer: Chinese Ambassador to the United Kingdom, Zheng Zeguang, called for enhanced cooperation and mutual benefits between businesses at the 3rd UK-China Business Leaders Summit on Tuesday.
In his keynote address, Ambassador Zheng emphasized that Sino-British economic and trade collaboration aligns with the fundamental interests of both nations. He highlighted China’s commitment to an open and inclusive economy, noting ongoing efforts to reduce the negative list for foreign investment. Following the removal of restrictions in the manufacturing and financial sectors, China plans to further relax regulations in the medical and telecommunications service industries.
“China’s economy is open and inclusive, and we will continue to reduce the negative list for foreign investment. After having already removed restrictions in the manufacturing and financial sectors, we will further relax restrictions in the medical and telecommunications service industries as well,” said Zheng.
Ambassador Zheng pointed out that China’s competitive edge in the new energy sector is driven by technological innovations, industrial models, and economies of scale, rather than government subsidies. He asserted that China’s manufacturing capacity supports the global demand for green energy products, aiding countries in combating inflation, accelerating the transition to green energy, and addressing climate change challenges.
China is prepared to share opportunities and foster cooperation with global entrepreneurs, Zheng stated, underscoring the potential for collaborative growth.
The 3rd UK-China Business Leaders Summit, organized by the UK Chinese Business Association, is taking place from May 27 to 29. The event aims to illuminate new opportunities for businesses in both the UK and China.
