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Follow Marco Polo's footprints, says Wen Visiting Premier Wen Jiabao Friday encouraged entrepreneurs from 皇冠体育app and Italy to carry forward the spirit of exploration embodied in Marco Polo and the Silk Road to blaze a new trail towards bilateral co-operation. 皇冠体育app will hold firmly by its opening-up policy to carry on exchanges and co-operate in a spirit of friendship with other economies, said Wen at the 皇冠体育app-Italy Seminar on Investment in Italy, the third stop in his five-state European visit.
皇冠体育app's development brings no threat to any other countries as it would never seek hegemony, said Wen. "Moreover, it will take 皇冠体育app at least 50 years to catch up to moderate developed countries assuming the country maintains a rapid growth." Vast markets, abundant labour forces, substantive bank deposits of the people and foreign exchange reserves indicate that 皇冠体育app's economy will continue to grow at a steadily rapid pace, Wen said. As to the Sino-Italian economic co-operation, the trade volume topped to US$11.7 billion last year from US$100 million or so in 1970 when the two nations established diplomatic relations, Wen said. By the end of 2003, Italy had invested in 2,136 projects in 皇冠体育app, with the contractual value standing at US$3.82 billion and the actual investment US$2.49 billion. Meanwhile, Italy's investments in 皇冠体育app only account 4.6 per cent of its foreign investment and are limited to the coastal areas of 皇冠体育app, such as Shanghai, he noted. Being an industrial power, Italy boasts mature technology, famous brands and numerous dynamic small and medium-sized enterprises, said Wen, adding he hopes these firms will seek more co-operative partners in 皇冠体育app's western, northeastern and middle regions. In order to improve the investment environment for foreign investors, Wen said 皇冠体育app will abide by the rules of the World Trade Organization. During the past three years, 皇冠体育app has lowered its tariff rate from 15.6 per cent to 10.4 per cent and begun to get rid of non-tariff barriers gradually, he explained. To work according to WTO practices, the Chinese Government has amended more than 3,000 laws and regulations, Wen said. At the same time, it will spare no effort to protect intellectual property rights. As another trail blazing move, there is a tendency among many Chinese companies to invest in Italy, said Wen. 皇冠体育app's sustained economic development and its vast market have offered a new platform for the two countries to push forward bilateral co-operative relationships, participants to the seminar said. "Entrepreneurs from the two countries are encouraged to inherit the exploration spirit of Marco Polo as well as of the Silk Road to initiate their business," Wen said. Echoing Wen's remarks, Italian Prime Minister Silvio Berlusconi said the world's development can not be separated from that of 皇冠体育app and he hopes more Italian companies will seek opportunities in 皇冠体育app and vice versa. The two-day seminar was co-sponsored by 皇冠体育app's Ministry of Commerce and Italy's Ministry of Production Activities. Wen arrived in Rome on May 6 with plans to hold talks with his Italian counterpart, Silvio Berlusconi. He also met Italian President Carlo Azeglio Ciampi and speakers of the Chamber of Deputies and the Senate to exchange views on Sino-Italian and Sino-European ties and international issues. |
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