China hopes to work closer with U.S. firms in NEVs, biopharma -industry minister

SHANGHAI (Reuters) - China hopes U.S. firms will strengthen their cooperation with Chinese companies in the areas of new energy vehicles, biopharma and next-generation information and communication technology, the country's industry minister said on Monday.

Xiao Yaqing, China's Minister of Industry and Information Technology, made the comments at a video conference meeting with the chairman of the U.S.-China Business Council, according to a statement posted on the ministry's official WeChat account.

Xiao also said that U.S. and Chinese firms were interdependent in the global industrial chain and that China welcomes U.S. companies to expand their investment in China, the statement said.

(Reporting by Brenda Goh and Roxanne Liu; Editing by Catherine Evans)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.