BEIJING, Nov. 23 (Xinhua) -- China will take further actions to boost intellectual property rights (IPR) protection and improve the business climate, Vice Premier Wu Yi said on Friday.

    Addressing the 2007 Government Appreciation Dinner here, hosted by the American Chamber of Commerce, Wu said China would step up efforts to build a fair market and boost legal transparency, as well as IPR protection.

    The Chinese government was also committed to building a fairer, transparent, effective and convenient business environment, the vice premier stated.

    The government will stick to the reform and opening-up policy and continue to welcome foreign investment to play a role in promoting self-innovation, industry upgrading and coordinated regional development in China, she said.

    Both sides should value the bilateral cooperation as it has brought tangible benefits to the citizens of the two countries, she said.

    The vice premier hoped both sides can boost exchanges and mutual trust to promote the Sino-U.S. economic and trade cooperation.

    Wu thanked on behalf of the Chinese government the American Chamber of Commerce for its important role in promoting Sino-U.S. economic and trade cooperation.

    She added China has taken actions on products safety and is willing to strengthen cooperation with the U.S. side in the field.