China plans more trade, investment missions abroad

China plans more trade, investment missions abroad
AFP
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First Published: Mon, Mar 16 2009. 03 31 PM IST
Updated: Mon, Mar 16 2009. 03 31 PM IST
Beijing: China plans to send several purchasing and investment missions abroad this year, following two recent trips that signed billions of dollars in deals, the government said on Monday.
“Given the current situation, promoting further investment exchanges with other countries is an important measure to help revive the global economy,” said commerce ministry spokesman Yao Jian.
“We will send out more technology cooperation, trade and investment missions this year.”
He said the teams would aim to buy green technologies, while also seeking out overseas investment targets and attracting foreign investment to China.
China this month sent a high-level business mission to explore acquisition targets in Switzerland, Germany, Britain and Spain.
The mission followed another delegation sent to the four countries in February charged with buying high-technology equipment. That trip netted more than $13 billion in deals.
Yao said destinations of future missions this year would probably include China’s major trading partners such as Europe, the US, Japan and Southeast Asia.
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First Published: Mon, Mar 16 2009. 03 31 PM IST