Chinese premier meets US bigwigs on bilateral ties, common concerns

Premier Li Keqiang shakes hands with former US Secretary of State Henry Kissinger, Sept 20, 2016. [Photo/Xinhua]

The negotiation for the Bilateral Investment Treaty (BIT) sends a clear signal to companies from both countries that mutual investment is good and stable, he said.

Li also said he hoped that the United States could relax export restrictions on hi-tech products and that the two countries could reach a mutually beneficial BIT at an early date.

On big data and cloud computing, Li said these emerging industries have seen fast development in China.

"Though they have brought some information security problems, they are conducive to China's transition and development," he said.

"China's big data and cloud computing industries should be open and secure," and China will join foreign firms in search for a cooperation pattern that is both pro-opening-up and pro-security, Li said.

Calling the current anti-globalization trend "only a setback during the process of globalization," Li said the world needs to fix the flaws of globalization, instead of simply giving it up.

He also said that China, as a firm defender of free trade, will continue to promote free trade within the Word Trade Organization framework.