World seeking more cooperation with Chinese companies

At the second China Overseas Investment Fair held during November 1 and 2, representatives from several countries demonstrated willingness to the idea of establishing deeper cooperations in multiple areas with Chinese enterprises.

Mario Amano, deputy secretary general of the Organization for Economic Co-operation and Development (OECD), said at the fair that the performance of the Chinese economy in recent years has exceeded all expectation, and that the country's miraculous development pace was vital to the swift recovery of the global economy. He added that OECD and China have a history of cooperations in many fields; and that he hopes this cooperation can boost world-wide investments.

Rojachev Igor, member of the Russian Federation Council of the Federal Assembly and former Russian Ambassador to China, said his country is eager to receive Chinese investors with open arms in the fields of oil extraction, mining exploration, logistics and power generation; and that it is also considering to open the doors for them (Chinese investors) in the country's international transportation system, linking western China and Europe.

He stressed that China is Russia's most prospective partner in economic cooperation, while both parts still face barriers that impede a greater scope of trade. For instance, cooperation between the two countries' banks are almost nonexistent.

Bekink Rudolf, Dutch Ambassador to China also said that in 2009, his country was the second destination to China's outbound investments in Europe, and that one of the main reasons for such partnership is the Netherlands' highly-efficient logistics; cost-effective environment; convenient networks and favorable taxes.

Zsolt Becse, State Secretary of the National Ministry of Economy of Hungary; Behrouz Alishiri, vice minister of the Ministry of Economic Affairs & Finance; Kamal Ahmed, chief operating officer of the Economic Development Board (EDB), Bahrain, Bosnia and Herzegovina's ambassador to China, also welcomed Chinese investors.

Thousands of distinguished guests from more than 120 countries gathered in Beijing to take part in the fair, which had the presence of senior officials from domestic and international governments and organizations; entrepreneurs and scholars. The participators launched varied investment promotion campaigns in reach of closer ties with Chinese companies. 15 countries also held special seminars as a door-opening way for Chinese enterprises in search of varied opportunities.

Source: Global Times