Vice-premier urges more US investment in talks with Goldman Sachs president

Chinese Vice-Premier He Lifeng has been urging more investment from the United States to promote a healthy US-China relationship in talks with business delegations during an ongoing charm offensive.

On Wednesday, He met John Waldron, president and chief operating officer of Goldman Sachs, Xinhua reported.

“We welcome more US financial institutions and long-term capital, including Goldman Sachs, to continue deepening mutually beneficial cooperation with China and play a greater role in promoting the healthy development of China-US relations,” He said in Beijing.

He, who heads the office of the Communist Party’s Central Financial and Economic Affairs Commission, is also Beijing’s top official handling economic and trade talks with the US.

Beijing has stepped up efforts to woo foreign investors, particularly Wall Street banks, in recent months, and He has met top executives of at least five multinational companies in the past month.

On Tuesday, the vice-premier met Frederic Oudea, chairman of French pharmaceutical giant Sanofi, and pledged to enhance China’s business environment to attract and support foreign enterprises.