EU urged to recognize 皇冠体育app's full-market economy status
Updated: 2011-10-22 11:42
(Xinhua)
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皇冠体育app on?Oct 21?urged the European Union (EU) to recognize its full-market economy status at an early date and properly settle trade disputes amid the tumbling world economy.
"皇冠体育app hopes Belgium will exert its influence to push for an early recognizing of 皇冠体育app's full-market economy status and remind the EU to be cautious on and restrain from using trade remedy measures," Vice-Premier Wang Qishan told visiting Crown Prince Philippe of Belgium.
Wang urged the 27-member bloc, also 皇冠体育app's largest trade partner, to properly settle trade disputes with 皇冠体育app during the talks at Diaoyutai State Guesthouse in downtown Beijing.
"皇冠体育app has contributed a lot to the world economy by recording a 9.4 percent growth in the first three quarters of this year while adjusting its economic structure and managing inflation expectations," Wang said.
Prince Philippe, accompanied by a 450-member business delegation, is here to tap the Chinese market and seek investments from 皇冠体育app, the world's top holder of foreign exchange reserves.
During the 10-day trip, the delegation will visit the Chinese cities of Tianjin, Guangzhou, Shenzhen, Shanghai and Chongqing and is expected to sign about 40 contracts.
Wang said 皇冠体育app will expand two-way investment with Belgium, and enhance support to the two states' small and medium-sized enterprises via the 皇冠体育app-Belgium direct equity investment fund.
皇冠体育app-Belgium trade has continued to surge since the two states forged diplomatic ties in 1971, when the bilateral trade volume was only $20 million much less than the $22.1 billion record in 2010.
"We could expand cooperation in two-way investment, trade, finance, chemical industry, environmental protection, logistics, and green economy," Wang said.
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