Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Chinese delegation looks to expand Swiss trade
+ -
21:03, February 26, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 Germany hails trade deals with China
 Commerce minister: China committed to free trade
 China's trade-investment tour in Germany produces win-win deal
 Interview: German business leader says China is reliable partner in crisis
 China, Germany sign procurement deals worth around 11 bln euros
 Comment  Tell A Friend
 Print Format  Save Article
A Chinese business delegation looked to expand trade with Switzerland on Thursday during the second leg of its European procurement tour.

Chinese Commerce Minister Chen Deming said during opening ceremonies at a meeting of hundreds and Chinese and Swiss businessmen that cooperation was an effective way to deal with the international financial crisis.

"Trade protectionism will do no good to the world economic recovery. It will only make the recession even worse," Chen said.

Chen said the fact that China sent a large delegation to buy European products shows that his government is taking concrete action to fight protectionism.

"China is ready to cooperate with Europe to deal with the crisis," he said.

The Chinese delegation, led by Chen, is composed of state-owned and private companies and joint ventures from various industries. The delegation started its four-nation procurement tour of Europe on Tuesday.

Switzerland was the second stop after Germany, where the Chinese delegation signed 37 procurement deals worth about 11 billion euros (14 billion U.S. dollars) with local firms.

Chen told Xinhua on Wednesday that he expected purchase deals with Switzerland would be modest compared to Germany due to the gap in the two countries' economic scales.

China and Switzerland are important economic and trade partners, Chen said, adding that the two economies are highly complementary.

China is highly competitive in labor-intensive products, such as garments, jewelry, footwear and containers, which offer budget choices to Swiss consumers.

Switzerland, meanwhile, boasts a competitive edge in watches, medicines, measuring instruments and precision machinery.

In 2008, bilateral trade between China and Switzerland topped 10 billion U.S. dollars for the first time, reaching 11.25 billion U.S. dollars. That was a 19.2-percent increase despite the economic downturn.

China now is Switzerland's second largest trading partner in Asia.

Swiss Economy Minister Doris Leuthard said the fact that the delegation came soon after Prime Minister Wen Jiabao's visit showed bilateral ties are good.

"Together we are stronger. We are in the best position to signal our trust in the economic future for our companies," Leuthard said.

The minister said the visit sent a strong signal that China and Switzerland remain committed to open markets and are against protectionism.

Source:Xinhua



  Your Message:   Most Commented:
British boy becomes father at 13 
Satellite collision reflects necessity for int'l laws: Russian expert
China-made electric cars to enter US market
Survey on two sessions
U.S. Secretary of State Hillary Clinton arrives in Beijing for China visit

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90883/6602046.pdf