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May 26, 2009 / 7:23 AM

China seeks more MN investments

BEIJING, May 26 (UPI) -- Vice Premier Li Keqiang, lauding China's current economic policies, says more multinational investments in the country would be welcome.

Receiving visiting General Electric Chairman and Chief Executive Officer Jeff Immelt in Beijing, Li said, "We continue our opening-up policy and oppose trade protectionism in any form," Xinhua reported.

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Li said China offers opportunities for multinationals to expand their business and investment and added his government seeks development of high-tech and strategic emerging industries.

"Cooperation in these sectors would enjoy great potential," Li was quoted as saying.

Immelt was quoted as saying GE values its business in China and would continue its long-term investment.

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