China's economic transformation "great": Luxembourg minister (2)

Schneider said that during the past years, more and more Chinese companies made Luxembourg a springboard for entering into Europe.

He said that several reasons made Luxembourg attractive to foreign investment, including political stability and continuity, flexible regulation and lighter tax burden.

"About 43 percent of Luxembourg working forces are foreigners, which shows how open the Luxembourg society is," said the minister.

Luxembourg government paid high attention to economic and trade relations with China, he said.

The newly wedded crown prince and princess have decided to make China the first destination of their overseas visit after the wedding, said Schneider.

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