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Last updated at: (Beijing Time) Monday, July 14, 2003

Chinese Vice Premier Meets German Banker

Chinese Vice Premier Zeng Peiyan met Monday with Michael Cohrs, global CEO of the investment bank under the Deutsche Bank.


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Chinese Vice Premier Zeng Peiyan met Monday with Michael Cohrs, global CEO of the investment bank under the Deutsche Bank.

Zeng said that in the first half of this year, the Chinese economy had stood the test of the severe acute respiratory syndrome (SARS) epidemic although some industries were affected.

Overall, the foundation of the Chinese economy remained strong,reforms in various fields progressed smoothly and the national economy maintained fairly rapid growth, Zeng said.

He expressed hope that Deutsche Bank and other international financial groups will actively participate in China's constructionand reforms.

Cohrs said that China's economy recovered rapidly from the impact of SARS, indicating that it has benefited from an innate dynamic momentum. China, which enjoys political stability and goodprospects for rapid economic development, is an important driving force for the recovery of the global capital market, he said.

He said that the Deutsche Bank is closely following China's reforms and development and is willing to contribute to its economic construction.


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