Q+A | Wen Jiabao

Editor's Note: Premier Wen Jiabao answered questions at the opening ceremony of the 6th Summer Davos Forum and met business representatives in Tianjin on Tuesday. The following is a translation of Premier Wen's answers filed by the Xinhua News Agency: 

Q: The national development program of strategic emerging industries during the 12th Five-Year Plan (2011-15) period adopted by the Chinese government calls for closer international exchanges and cooperation and a path of open innovation and internationalized development. As active participants in China's economic development, reform and opening-up, multinational companies want to participate in the development of those industries. Mr. Premier, what is the view of the Chinese government and what specific measures will it take in the near future? 

Wen Jiabao: I have said on many occasions that foreign-invested enterprises established in China in accordance with the law are Chinese companies. Their products are made-in-China and their creation is Chinese creation. Foreign-invested enterprises in China should enjoy a fair, transparent and equal competition environment and we give them national treatment. 

To develop strategic emerging industries is an important measure we have taken to meet both China's immediate and long-term needs. In developing those industries, we must be open to the outside world. We need to attract the participation of foreign companies, in particular their technology and talent. I wish to state in a serious manner that foreign-invested enterprises, when participating in the development of strategic emerging industries in China, will enjoy the same policy treatment as their Chinese counterparts. 

Technology and talent are crucial to the development of strategic emerging industries and the market plays a fundamental role. Therefore, we must provide policy guidance and support to those industries. The development of strategic emerging industries is a dynamic process and we will continue to enrich and improve the related policies. Many foreign companies have advanced technologies in such fields as electric vehicles, new materials, new energy sources and bio-medicine. We must work closer with them to ensure that the economy enjoys sustainable development in the future and strategic emerging industries play a leading role. 

I know many foreign companies are most concerned about IPR protection and whether they receive equal treatment in government procurement and other matters. I want to tell you that we will strengthen IPR protection and give foreign companies the same treatment in government procurement. 

Q: What is China's status in today's global financial system? How does China view international financial protectionism and China's responsibilities and obligations? 

Wen: China has been active in advocating and building a new international financial order. We have taken part in the coordination of international financial policies and the formulation of financial rules through various platforms. Our goal is to promote the establishment of an open, just, orderly and inclusive international financial system. In the fight against the international financial crisis, we have done what we can in keeping with our capabilities to advance the building of the international financial system. In order to promote the reform of the IMF structure and enhance the IMF's financial strength, we proposed in 2009 to increase IMF's financial resources. 

And in spite of the severe European debt issue this year, we have pledged to contribute $43 billion to the IMF. We have taken measures to help the European Union emerge from the current difficulties. We know that in the final analysis, the EU has to rely on itself to resolve the debt issue, yet we have still bought bonds of EU countries and the European Stability Fund. 

We are opposed to trade, investment and financial protectionism. We believe that differences and frictions in the financial field should be resolved through consultation. Only in this way can we work with unity to tide over the current difficulties. China's financial market is increasingly linked to the international financial market. We will comply with international rules and play our role as a responsible country.