China has urged the Netherlands to foster a fair, transparent and predictable business environment for Chinese companies investing in the country and maintain stable semiconductor industrial and supply chains, the Ministry of Commerce said in an online statement on Wednesday.

When co-chairing the 18th meeting of the China-Netherlands Joint Economic and Trade Committee with Sjoerd Sjoerdsma, the Netherlands' minister of foreign trade and development cooperation, in Beijing on Tuesday, Commerce Minister Wang Wentao called for efforts to properly resolve business disputes between the two sides.

He also expressed the hope that the Netherlands' government will play a positive and constructive role within the European Union, encourage the EU to work constructively with China, and manage differences through dialogue and consultation.

According to the statement, China is ready to work with the Netherlands to deepen cooperation in areas, including advanced manufacturing, technological innovation, green transition and modern services.

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Wang said China welcomes Dutch companies to invest in China and share the opportunities created by its vast market.

Sjoerdsma said the Netherlands is willing to further strengthen policy communication and coordination with China, deepen trade and investment cooperation, provide a stable and transparent business environment for Chinese companies investing in the Netherlands, and promote the steady development of EU-China and Netherlands-China relations.