Chinese Vice Premier He Lifeng said on Monday that China welcomes foreign enterprises including Warburg Pincus and long-term capital to continue expanding their investment in China and deepen mutually beneficial cooperation with China.

He, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks when meeting with former U.S. Secretary of Treasury Timothy Geithner, now chairman of Warburg Pincus.

The vice premier said that China is fully implementing the guiding principles of the fourth plenary session of the 20th CPC Central Committee, in accordance with the suggestions and arrangements of the 15th Five-Year Plan, and advancing the building of a unified national market, unswervingly expanding high-level opening-up and promoting high-quality economic development.

For his part, Geithner said that he is optimistic about the prospects of China's economic development, and Warburg Pincus is willing to continue to deepen its presence in the Chinese market and promote the deepening of economic and trade cooperation between the United States and China.