Posts tagged ‘Warsaw’


* China Wants More Trade With Central and Eastern Europe

New York Times: “Prime Minister Wen Jiabao said Thursday that China wanted to double trade with the countries of Central and Eastern Europe to $100 billion a year by 2015, and pledged billions in loans to help promote investment in the region.

Mr. Wen made the announcement at a gathering in Warsaw that brought together business and political leaders of countries stretching from the Baltics to the Balkans that are eager to do business with China, even as they struggle to overcome stereotypes still held by many in the region who associate the Chinese as makers of inexpensive toys and designer knock-offs.

Infrastructure, high technology and green technology are target areas for growth, Mr. Wen said, announcing that Beijing would set up a $10 billion line of credit to support investment in these specific industries. He also pledged an additional $500 million in funds to be made available to Chinese companies seeking to make first-stage investment in the region.”

via China Wants More Trade With Central and Eastern Europe –

China continues to woo everyone. And Mr Wen is making himself very busy in his final year in office.

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* Wen paints Europe green in 4-nation trip

China Daily: “Trade and investment deals and business cooperation have been the focus of Premier Wen Jiabao’s tour to four European nations this week. Such fare is common for such visits, but

Wen Jiabao (温家宝), Chinese Premier

Wen Jiabao (温家宝), Chinese Premier (Photo credit: Wikipedia)

there was a new ingredient in the latest trip: Wen and his delegation have been paying particular attention to green and innovative industries in almost every destination of the seven-day visit, which ends on April 29.

As China switches from high growth to sustainability in the current five-year plan and as the country’s foreign trade growth slows, politicians, businesses and industrial leaders from China and Europe are seeing more opportunities in each others markets. Before his scheduled arrival in Warsaw on April 27, Wen pressed for global action on sustainable development that strikes a balance between economic growth, social progress and environmental protection, instead of focusing exclusively on the environment, at the Stockholm+40 conference in Sweden.”

via Wen paints Europe green in 4-nation trip|News|

This relatively new theme of ‘sustainability’ goes along with strenuous efforts to reduce carbon and increase renewable energy sources. Good for China and good for the world.

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