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China Welcomes More Foreign Investment, Cooperation, Vice Premier

Posted on: Friday, 1 August 2008, 09:00 CDT China welcomes more foreign investment, cooperation, vice premier BEIJING, July 31 (Xinhua) -- Vice Premier Zhang Dejiang said on Thursday China encouraged foreign companies, including Hewlett- Packard (HP), to enlarge their business in the country. "The Chinese government will continue its reform and opening-up policy, and support HP and other foreign companies to expand investment and cooperation in China," he said in a meeting with Mark Hurd, chairman and chief executive officer of HP. Zhang praised HP for expanding its investment in China's western region, calling it a "win-win deal." Hurd said the California-based HP viewed China as an important component in its global strategy. It would enhance its investment and cooperation within the Chinese electric and information industry... [read full story]                    

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