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On 2 December, 2013, Vice Premier Wang Yang and British Prime Minister David Cameron jointly attended the opening ceremony of the China-UK Business Summit in Beijing and delivered speeches.
Wang Yang noted that the United Kingdom was the first developed country to achieve industrialization, while China is the largest developing country. China and the UK are highly complementary in their economies and can surely become long-term partners for win-win cooperation. He encouraged the two countries to make full use of each other's comparative advantages, expand cooperation scale and explore new areas of economic and trade cooperation so as to reach a trade volume of US$100 billion dollars by 2015.
Wang Yang emphasized that continued opening-up is essential to the "Chinese Dream". The recent Third Plenary Session of CPC Central Committee drew up a master plan for comprehensively deepening China's reform and furthering opening-up. We will optimize layout for regional development, expand areas of opening-up and speed up the process for examining and approving foreign investment as well as investment in foreign countries. We will bring unification to the laws and regulations on domestic and foreign investment. We will make foreign investment policy stable, transparent and foreseeable, so as to enhance the confidence of foreign companies investing in China.
Prior to the summit, Wang met with Cameron. Wang Yang said the economic and trade cooperation is the most dynamic driving force in China-UK relations. China appreciates Britain's open attitude to economic and trade cooperation and hopes the two sides will comprehensively deepen pragmatic cooperation and diversify China-UK comprehensive strategic partnership. Cameron said China is growing fast and enjoys a huge market potential. UK-China pragmatic cooperation is presented with enormous opportunities. Britain is committed to trade and investment liberalization and welcomes China's investment in Britain to raise China-UK economic and trade cooperation to a new level.
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