Chinese buying trip in Europe!

Chinese buying trip in Europe!
Feb 27, 2009 01:34
YVONNE Points: Join Date: Nov 29, 2004 Status: offline	Chinese businessmen delegations arrived in Europe yesterday. Citing from the newspaper, "A government-organized buying trip has started in Europe." "The trip to Europe, which started in Germany and will take in Switzerland, Spain and the UK, involves 140 executives and is expected to see $15bn (€11.8m, £10.5m) of deals signed, Xinhua reported. Chinese officials said $10bn-worth of contracts with German companies were signed yesterday. " (Excerpted from FT News). Foreign media reports that this is just a part of Beijing's broad diplomatic policies. China intends to eliminate the protectionist pressure and pave a way for Chinese investment in Europe. What do you think of Chinese's buying trip in Europe?

Feb 27, 2009 01:34

YVONNE
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Join Date: Nov 29, 2004
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Chinese businessmen delegations arrived in Europe yesterday. Citing from the newspaper, "A government-organized buying trip has started in Europe."

"The trip to Europe, which started in Germany and will take in Switzerland, Spain and the UK, involves 140 executives and is expected to see $15bn (€11.8m, £10.5m) of deals signed, Xinhua reported. Chinese officials said $10bn-worth of contracts with German companies were signed yesterday. " (Excerpted from FT News).

Foreign media reports that this is just a part of Beijing's broad diplomatic policies. China intends to eliminate the protectionist pressure and pave a way for Chinese investment in Europe.

What do you think of Chinese's buying trip in Europe?

Feb 27, 2009 04:39

GUESTLIN

It is a good trend for Chinese industries back home because it is imperative to stay in touch with the latest technology and trends... but i think the Chinese are being too generous.

Political leaders and some western organizations are engaging in activities in support of China's enemies such as Dalai Lama; who instigate independence for Tibet. Then there is the case of a western auction house selling art treasures looted from China by the french and british soldiers despite China's objection.

i feel European political and business sectors must behave in a manner that is positive and not encourage anti-China activities; otherwise China must devise ways to counter this antagonistic stance by foreign countries and companies.

Feb 27, 2009 20:03

MARRIE
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Join Date: Jan 7, 2008
Status: Offline

[quote=GUESTLIN,360373]It is a good trend for Chinese industries back home because it is imperative to stay in touch with the latest technology and trends... but i think the Chinese are being too generous.

I think the next trip would be USA which is China's routine job. Besides investing in US T-Bonds, purchasing high -tech equipments is aother good stream where foreign reserves should go. The ultimate goal of trade is mutual benefits...

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