Chinese Premier Urges Canadian Businessmen to Participate in

Chinese Premier Urges Canadian Businessmen to Participate in

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Premier Zhu Rongji urged Canadian businessmen Tuesday to make long-term plans and " actively participate" in the development of China's west.

Zhu said during a meeting with members of the board of the Canada-China Business Council that Canadian business people should seize the "excellent opportunities" brought about by the China's development of its western region.

Zhu briefed the Canadian guests on China's economic situation and its strategy of developing its west, and thanked the Canadian business circle for their role in helping boost Sino-Canadian trade and economic ties.

Deals Worth US$5.3 Billion Signed

China and Canada signed about 200 business and cooperation deals worth US$5.3 billion Tuesday.

The deals include 65 contracts worth a total of US$1.4 billion, 64 memorandum of understanding valued at US$2 billion, 36 letters of intent valued at US$1.2 billion as well as 32 other agreements valued at US$78 million, said the Canadian Embassy in Beijing.

Canadian Prime Minister Jean Chretien, who is on an official visit to China with a delegation of more than 600 people, said the business deals "reaffirmed the strength of Canada's commitment to the vibrant and dynamic Chinese market."

He described China as "an important and growing global economic player and a market of enormous importance and potential."

Team Canada 2001 is the largest trade mission sent abroad in Canadian history. The prime minister is accompanied by provincial and territorial leaders, mayors, representatives of academic institutions and non-governmental organizations, and a youth delegation.

The deals cover a wide range of areas, including environmental technology, agriculture and agro-food, information and communication technology, education technology, the culture industry, energy, transportation, mining and minerals, financial services, and medical and health services.