Speaking to business leaders at the China Development Forum in Beijing, Premier Wen Jiabao says China welcomes US investment and pledges to increase the import of American goods.

Premier Wen said, "China welcomes US entrepreneurs to come to China to set up businesses or make investments. China will increase the amount of US commodities coming into the country."

His comments come after a report was released by the American Chamber of Commerce. The document shows a growing number of foreign businesses in China, about 38 percent feel shut out under new government policies which promote homegrown technology. In response to trade disputes and protectionism worries from most foreign delegates, Premier Wen Jiabao says those who thought trade protectionism would help their economy recover, would find those measures counter-productive. He stresses China was not pursuing a trade surplus and wants to enlarge the country's imports. Premier Wen Jiabao says China will change the way its external economy develops, and work hard to expand domestic demand.