China achieved 6.7 percent GDP growth year-on-year in the firs

quarter, and the second quarter’s growth will be stable as expected, he said.

With increasing urbanization, China has great potential demand for such things as ir

on and steel products, providing room for investments from Europe, Li added.

The premier said the EU’s investment in China only accounted for 2 percent of its overall outbound investment, while Chines

e investment to EU countries was just 1 percent of the union’s inbound investment last year.

Last year saw a 7 percent year-on-year increase in EU companies investing in China, and the i

ncrease surged to 22 percent during the first five months of this year, Li said. This indicated that E

uropean companies are optimistic about China’s economic prospects and the improving market, he added.

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