The official Chinese business delegation in the UK for the Chinese President's State Visit, visited the Olympic Park site and the London organizing Committee's Headquarters on Monday.
The business delegation from China was briefed on London's plans to regenerate the East End of London through the Olympic Games and met with London 2012 officials who outlined the progress London has made since it was announced 2012 host city in July.
The delegation saw early work on the 2012 Olympic Park site including the construction on the Channel Tunnel Rail Link which will open in 2007.
"There are a number of similarities between London and Beijing's plans for the Olympic Games, particularly our joint belief in the Olympic Park Model where key venues and the Olympic village are co-located on the same site," said LOCOG's Chief Operating Officer, Mike Power.
"London and Beijing will both leave strong environmental, urban and sporting legacies for their cities and for the Olympic Movement," Power said.
British Prime Minister Tony Blair, who will be meeting the Chinese President later this week, said: "In 2008 Beijing will hand the baton to London for the Olympic Games. This will create a bond between the two Olympic cities and our two countries, and bring benefits for generations to come."
Trade and investment relations between China and Britain are expected to increase as the two cities prepare to host consecutive Games.
London has Europe's largest Chinese community and many mainland Chinese companies choosing London's East End to establish their businesses.
London's position as the world's top place to do business is also expected to see a boost in bi-lateral trade between the two countries.
"Beijing 2008 and London 2012 are already working closely together and learning from each other. We have welcomed a number of Chinese delegations visiting London and we look forward to celebrating Beijing's 1000 days to go Olympic milestone this Friday," added Power.