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China sends new investment mission to Europe

(Xinhua/Agencies)
Updated: 2009-03-08 10:26

Another Chinese delegation of businesses and industry leaders, led by the Ministry of Commerce (MOFCOM), left for four European countries Saturday for investment and economic cooperation, the ministry said.

Related readings:  China to seek investment in Britain: MOC  Expensive lessons for overseas investment  Chinese firms seek to invest in Europe  China to send delegation to Britain for mutual investment Trade team spends $13b in Europe

The business delegation, following purchases totaled more than $10 billion in Europe by a Chinese procurement delegation in late February, are heading for the same destinations of Germany, Switzerland, Spain and Britain.

The new delegation will explore investment opportunities on areas of automobile, machinery, textile, food, electronics and technologies relating to energy saving and environment protection.

An MOFCOM official said "the move would further strengthen cooperation between Chin and Europe and create a win-win result in tackling the global economic downturn"。

The delegation are composed of more than 20 top Chinese companies, including China National Coal Group, CNFC Overseas Fishery Co, Suzhou New District High-Tech Industrial Co and representatives from Chinese automakers, as well as several national trade associations and government officials.