Premier Li encourages foreign firms to increase investment in China

Chinese Premier Li Keqiang has invited foreign firms to increase their investment in China.

Li made the remarks during a visit to Intel's bulk storage plant in Dalian where the Summer Davos is underway. He suggested the Intel transfer more businesses to China.

Foreign capital is a major force behind China's development and China will welcome foreign investors with an ever-improving domestic investment environment, Li said.

China has huge potential and a steadily growing economy, while the ongoing economic transition creates abundant new demand, he said.

Both domestic and foreign firms should take the opportunity and utilize China's rich human resources and set up more production and R&D bases, expanding market and seeking win-win solutions in China, the premier added.