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2nd business team leaves for Europe for investment

(Xinhua)
Updated: 2009-03-08 09:49

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

This February 27, 2009 file photo shows Britain's Business Secretary Lord Mandelson (R) and China's Commerce Minister Chen Deming in London. Visiting Chinese business delegation sealed deals amounting to $2 billion with British firms in London February.[Xinhua]

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

Related readings:  China signs $2b purchase deals with Britain  China, Germany sign $14B in trade deals  China inks trade deals with Swiss companies  Business delegation creates win-win Europe situation

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 MOC 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, as well as several national trade associations and government officials.