Special Report: Global Financial Crisis
by Wu Liming, Hu Xiaobing
BERLIN, Feb. 25 (Xinhua) -- China intensifies cooperation with its European
partners while some other countries retreated to trade protectionism, it proves
that China is a reliable partner in global financial crisis, said a German
business leader Wednesday.
"Under the background of global financial crisis, China still sent
procurement team to Germany to buy over 10 billion U.S. dollars of goods, China
is thus a reliable partner in crisis," said Juergen Heraeus, Chairman of the
China Council of Asia-Pacific Committee of German Business.
Earlier on Wednesday, over 200 Chinese business representatives met their
German counterparts in the Asia-Pacific Committee of German Business in Berlin,
and signed a total of 37 deals worth over 10 billion U.S. dollars.
"We are very pleased to receive the Chinese delegation. It is exciting that
China sent such a huge delegation to boost trade and investment -- China has
sent a positive signal," Heraeus told Xinhua.
"While in Europe, all countries are thinking about using taxpayers' money
for national measures to boost consumption or to support distressed banks, China
is intensifying cooperation with its European partners," said Heraeus, who
helped arrange the procurement trip for Chinese companies.
Heraeus warned against trade protectionism that is "on the rise" recently,
saying "a certain country is attempting to encourage its citizens to buy their
own goods, and that is dangerous."
According to Heraeus, over 100 German companies participated in Wednesday's
business forum and many of them have good cooperation with Chinese companies or
have invested in China.
Heraeus encouraged Chinese companies to invest in Germany. "Germany is an
open market, and its policy is clear," he said, adding that Chinese enterprises
are allowed to hold shares in up to 96 percent of German firms.
Chinese trade delegation to Europe
expected to sign deals worth $15 bln
BEIJING, Feb. 24 (Xinhua) -- A delegation of about
200 Chinese entrepreneurs left on Tuesday afternoon for Germany, the first stop
of a European visit during which they could sign a series of deals worth up to
15 billion U.S dollars, as predicted by insider sources.
The procurement team, led by commerce minister Chen
Deming and composed of state-owned, joint venture and private companies from
various industries, will also visit Switzerland, Spain and Britain. Full story
China, Germany sign procurement deals
worth around 11 bln euros
BERLIN, Feb. 25 (Xinhua) -- A Chinese business
delegation, led by Commerce Minister Chen Deming, signed here on Wednesday a
total of 37 procurement deals worth around 11 billion euros (14 billion U.S.
dollars) with German companies.
According to Chen, the 37 deals are composed of two
parts -- purchasing contracts, and cooperation agreements which need further
negotiations. Full story
German, Chinese ministers condemn
protectionism
BERLIN, Feb. 25 (Xinhua) -- German Economy Minister
Karl-Theodor zu Guttenberg and Chinese Commerce Minister Chen Deming on
Wednesday condemned protectionism, saying that opening markets is the proper
approach to addressing the global economic crisis.
The two ministers spoke at a German-Chinese business
forum in Berlin. A Chinese procurement team, led by Chen, attended the
forum. Full story
