Chen Deming Attends the Annual Appreciation Dinner Held by AmCham-China and Deli

On December 5th, at the annual appreciation dinner of the American Chamber of Commerce in China, Chen Deming, minister of the Ministry of Commerce of PRC, expressed feelings of hope that the industries of America and China would increase their confidence and commonly cope with the severe challenges brought on by the financial crisis regarding current world economics through deepening cooperation.

Chen Deming said that the fifth Sino-US Strategic Economic Dialogue that just ended emphatically encourages establishing long-term and stable strategic cooperation relations and open discussions on such issues as coping with the international financial crisis, promoting Sino-America economic and trade relations and opposing trade protectionism and investment protectionism. He added that active effects have been achieved that will vigorously promote the development of Sino-America economic and trade relations.

Chen Deming expressed that in the G20 Washington Summit and Informal Meeting of APEC which both ended recently, various country leaders reached the important consensuses of opposing protectionism and promoting multilateral trade negotiations, and it would be helpful to promote confidence in coping with the financial crisis by the whole world thus reducing the influence of the crisis on the real economy. China is willing to actively participate in the international cooperation of coping with the financial crisis and make its own contribution to keep the world economy developing steadily together within the international community.

Chen Deming emphasized that this year is the 30th anniversary of reform and opening-up of China and China will continuously and steadily enlarge opening-up to the outside, further perfect related laws and regulations, improve administrative efficiency, resolutely protect intellectual property rights, strike the rules violation market behavior and create a sound investment environment for various country's investors including American enterprises. At present in China, accumulated investment made by American enterprise approaches US $60 billion. There are 17 thousand American enterprises operating in China with their annual sales income exceeding US $100 billion and the direct employment numbers reaching 2.2 million. Most America-investment enterprises in China enjoy a sound operation situation and have also brought vigor and business opportunities to their upstream and downstream enterprises distributed throughout various countries. Facts show that with economic globalization in the background the international investment cooperation accords with the objective law of the effective disposition of resources, and is of mutual benefit. China will continuously and actively support American enterprises to further enlarge investment in China.

The Sino-U.S. government officials and more than 800 persons who are members of the American Chamber of Commerce in China attended the dinner.