Uruguayan Vice President Danilo Astori said in Beijing Friday that Uruguay welcomes more Chinese companies doing business in the country.

He made the remarks at a seminar at the China Council for the Promotion of International Trade (CCPIT), the largest institution for the promotion of foreign trade in China. The seminar grouped more than 100 Chinese and Uruguayan entrepreneurs.

Astori said Uruguay’s rapid development, advantageous location, rich natural resources and stable social system made it a gateway for China’s companies to tap into South America’s markets.

According to a forecast last month by the Economic Commission of Latin America and the Caribbean, Uruguay’s economy is expected to grow 7 percent this year.

He said the country’s logistics industry had great potential for development, as it had become Uruguay’s fastest developing sector.

Astori started a weeklong visit to China on Aug. 22, accompanied by officials from industry, transport and banking departments, and an 18-member delegation of entrepreneurs.

Two-way trade hit 867 million U.S. dollars in the first half of this year, up 61.7 percent over the same period last year, according to the CCPIT.

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Higher milk powder, butter and cheese exports led a 12 percent rise in the total value of exports in July to 3.6 billion NZ dollars (2.6 billion U.S. dollars), showed figures releaseed by Statistics New Zealand on Monday.

Dairy exports increased by almost a third in July, followed by strong increases in boats, ships and wood products.

The value of imports also rose 12 percent, to 3.8 billion NZ dollars, led by higher petroleum, car and fertilizer imports, it said.

The trade surplus narrowed in July to a deficit of 186 million NZ dollars, which was the first deficit in seven months.

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Chinese Vice Premier Li Keqiang addresses at a working conference about the development and reform of the service industry in China in Beijing, capital of China, Aug. 26, 2010. (Xinhua/Li Tao)

BEIJING, Aug. 26 (Xinhua) — Chinese Vice Premier Li Keqiang has stressed the development of the service industry as part of the government’s efforts to promote economic restructuring and to accelerate the transformation of its economic development pattern.

Li made his remarks at a meeting focusing on the development and reform of the service industry sponsored by the National Development and Reform Commission (NDRC) on Thursday.

The service industry is not only conducive to expanding job opportunities, but also has a low cost of resources, Li said.

He further called on local authorities to be innovative in using their regulatory systems to shore up the development of the service industry.

Representatives from Shanghai, and provinces of Liaoning, Jiangsu, Hubei and Sichuan explained their experiences in creating service industries.

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