Vice Premier Li Keqiang met with Vice Chairman of Samsung Choi Gee-Sung on Tuesday.
Speaking highly of the trade and economic cooperation between China and the Republic of Korea (ROK), Li said the two countries are important trading partners that have shared complementary economic and technological development.
China is actively fostering strategic new industries, Li said, adding that a memory chip development program that the Samsung Group has invested in is in line with the direction of China’s industrial policy.
The program, funded with a total investment of more than 30 billion U.S. dollars, is under way in northwest China’s Shaanxi province.
“We welcome more transnational corporations to strengthen cooperation with the Chinese side in many areas, including research and development, production and marketing, as well as conduct high-tech programs in central and western China and share development opportunities with us,” Li said.
The vice premier also hailed the progress of China-ROK relations in recent years, saying China is ready to work with the ROK to push forward bilateral relations.
Choi briefed the Chinese side on the development of Samsung’s business in China and expressed willingness to continue to increase the company’s investment in China.