China should improve the performance of foreign capital and introduce more advanced technology and management expertise, Premier Wen Jiabao said during a tour of Guangzhou on Sunday.

Accompanied by local officials, Wen visited several joint ventures and foreign-funded companies to learn about their business performance.

At the Sino-Japan Guangqi Toyota Engine Co Ltd, Wen said China must bring in the best technology through establishing joint ventures with foreign companies. This would enable, he said, the joint venture to develop more China-made machine parts.

At GE Plastic (China), Wen said China boasts convenient infrastructure, a vast market and well-trained employees. He urged foreign-funded companies to be far-sighted and conduct long-term cooperation with China.

During the inspection, Wen said China will continuously improve laws and regulations related to the business of foreign companies, create a fair environment and protect the legitimate rights of all kinds of companies.

(Xinhua News Agency October 17, 2006)