China's Premier Li: Risk reduction decision should be made by companies

Chinese Premier Li Qiang said during a visit to Germany that “risk reduction” decisions should be made by companies rather than governments. Chinese Premier Li Qiang called for “risk reduction” decisions to be made by companies rather than governments during a trip to Germany to stabilize ties with the European economic powerhouse. “Enterprises have the most direct and harsh perception of risks and know how to avoid and deal with them. Therefore, enterprises should be given back the leadership role in preventing risks,” Li told representatives of about a dozen German companies in Berlin on Monday, according to the official Xinhua News Agency. The Chinese premier added that risk prevention and cooperation “are not mutually exclusive.” Representatives of companies including Siemens Ltd, Volkswagen AG, Mercedes-Benz Group AG, BMW AG, Schaeffler AG, BASF SE, Covestro AG, Wacker Chemie AG, Merck KGaA, SAP and Allianz SE attended the meeting.