Chinese, Canadian companies urged to enhance cooperation

China's Vice Premier Li Keqiang on Tuesday encouraged Chinese and Canadian enterprises to strengthen cooperation for mutually-beneficial development.

Li made the remarks as he met with Pierre Beaudoin, president and chief executive officer of Bombardier Inc. Bombardier, headquartered in Montreal, is the world's only manufacturer of both planes and trains.

Hailing the increasing cooperation between China and Canada, Li said China's industrial transformation and upgrade, as well as Canada's developed manufacturing, high-technology and service sectors hold great business opportunities for cooperation.

Li said any insightful entrepreneur can see the opportunities and will not ignore them.

The Chinese side is ready to make joint efforts with the Canadian side to create favorable environments for fair competition and facilitation for investment. It also encourages enterprises from both countries to boost long-term cooperation in accordance with business principles for mutually-beneficial development and to open up markets beyond the two countries.

Beaudoin said Bombardier, which has witnessed and benefited from the development of the economic relationship between Canada and China, has confidence in the prospects of the Chinese market and hopes to enhance cooperation with its Chinese partners on the research and development, manufacturing and management of transportation equipment.