Table of Contents
A meeting
Premier Li Keqiang of the PRC State Council, accompanied by French Foreign Minister Laurent Fabius and Rodolphe Saadé, made a trip to Marseille – the second largest city in France and the largest southern port of the country, where Den Xiaoping, the architect of China’s reforms and openness, once lived.
Li Keqiang visited the French corporation and CMA CGM headquarters, which for a long time was engaged in cooperation with Chinese enterprises in purchasing ships and containers, repairing ships and logistics, and heard information about the company’s current cooperation with China. Li Keqiang said to prime headquarters that China was one of the largest countries producing ships and containers, and in this area, China has a good value for money, which is more than enough to meet the needs of foreign transport companies like CMA CGM.
About Prime Minister
The NPC representatives approved on Sunday the candidature of Li Keqiang as the top of the Chinese State Council for a 2nd term. His candidacy has been put forward on behalf of PRC President. Previously he has been elected again on Saturday for the last 2nd term. The ceremony on the premier’s nomination was held on the next morning at the 6th plenary meeting of the 1st session of the NPC of the 13th convocation. Li Keqiang was approved first time as the PRC Premier in the middle of 2013 at the 12th convocation of the NPC. Following the constitution law of China, the Prime Minister leads the government for two terms of five years maximum.
Perspectives
In the long term, the Chinese authorities intend to acquire euro-denominated government bonds of the EU countries, since this has a positive effect on the Yuan. This was announced on Thursday by the Premier of the State Council of the People’s Republic of China, Li Keqiang, at a joint press conference with the German Chancellor Angela Merkel in the House of People’s Assemblies.
“In the process of internationalization of the Chinese currency, we are ready to take actions that will have a positive effect on simplifying investment processes and strengthening the principles of free trade,” he said. “We believe that foreign currency reserves should be created on the basis of a diversified basket. Therefore, we will continue to buy European debt obligations. Maintaining a stable and strong euro has a beneficial effect on the state of the Yuan, so China is a reliable long-term investor in the EU currency.”