China's Premier to Trump: No One Wins Trade War

Chinese Premier urges US to not act 'emotionally' on trade

He promised Beijing will "open even wider" to imports and investment.

Li Keqiang was first confirmed as Chinese Premier in March 2013 - at the 12th session of the National People's Congress.

'We hope that all parties concerned will show sincerity and take action to bring North Korea's nuclear issue back to the negotiating table as soon as possible in a bid to push forward denuclearization and peace and stability on the peninsula, ' Li said.

"If there's one thing that's going to be different from the past, it will be that China will open even wider", he said.

Li said China will continue to open its economy, particularly in the service, manufacturing and commodity sectors, where U.S. companies could find new opportunities.

Li said he is willing to consider the visit to Japan amid signs of improving ties between the 2 countries. But the United States (US) and Europe say foreign firms still face hurdles to break into and thrive in China's huge market, as they are forced to work in joint ventures with local firms and share their technology. Tariffs on popular consumer goods, including drugs, will be slashed, while the much-needed anti-cancer drugs might phase in zero tariffs.

Trump says Beijing has forced US companies to transfer their intellectual property to China as a cost of doing business there, though China has insisted that technology transfers are not a condition of gaining market access.

Trump says Beijing has forced US companies to transfer their intellectual property to China as a cost of doing business there, though China has insisted that technology transfers are not a condition of gaining market access.

He said the country will "fully open the manufacturing sector", with better protection for intellectual property.

"We must further cut the red tape and simplify administrative procedures", he said. He did not give more specifics.

The EU Chamber of Commerce in China summed up the exasperation past year as "promise fatigue" - a complaint that challenges Xi's image as a champion of globalisation.

"It is the responsibility of the government to provide stable job opportunities for these people", he said. But significantly he was nominated by Xi, state-run Xinhua news agency reported.??

But the government played down the risks, saying the debt limit is below the government ceiling of 18.8 trillion yuan.

Chinese Prime Minister Li Keqiang has been elected for a second term in office to steer some of the major structural reforms being marshalled by President Xi Jinping.

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