China Trade and investment group cares about signing 2 billion dollar cooperation agreement

Source: Internet
Author: User
Keywords Journalist Fiat Hu Jintao Italy
Tags business control economic enterprises group international business learned officials
July 9, the reporter learned from the Italian embassy in Beijing, with President Hu Jintao's visit Italy, China's trade and investment promotion Group and Italian Enterprises signed more than 30 project cooperation Agreement, the total value of up to 2 billion U.S. dollars.  Among them, Fiaty, Italy's biggest insurer, and Fiat Motor have signed a cooperation agreement with Chinese companies.  Zhong Li Insurance Investment 100 million euros to buy Cathay Fund 30% shares, and Cathay and Thailand officially signed the "Comprehensive Cooperation and investment memo", the two sides will be in annuity management, product innovation, risk control, international business and other aspects of cooperation.  Fiat, together with the Guangzhou Auto Group, intends to invest 740 million dollars to form a joint venture passenger car company.  ZTE and Huawei have introduced communications equipment, but officials from the Italian embassy in Beijing have told reporters that China-Italy companies have signed cooperation agreements that do not include ZTE and Huawei. "The cooperation between Li and Fiat and China is the two most important results of the Sino-Italian entrepreneur trade and investment fair, and we are very satisfied with the results."  An economic official at the Italian embassy in Beijing said.  In addition to the inter-firm agreement, the two governments signed seven cooperation agreements covering trade, agricultural products, culture and the environment, according to the officials. To facilitate an agreement between the two countries, Italy held a "China Day" business Exchange July 8 local time.  Italian Trade Minister Urso (Adolfo Urso) and vice Minister of commerce of China Gao respectively introduced the two countries ' corporate delegations and investment and trade environment.  In an interview with this reporter, Italian Embassy expressed the strong interest in the Chinese market and expand the hopes of economic and trade exchanges between the two countries, and that the global financial crisis will not affect the Sino-Italian Economic and trade relations. "Mechanical, textile, chemical and other traditional Italian industries are expected to further development in China." At the same time, we hope that trade in the luxury goods industry can grow rapidly.  The above officials told the newspaper reporter.  He noted that the volume of trade between the two countries is expected to reach $40 billion this year. Although Chinese President Hu Jintao returned home early, the Italian embassy in Beijing said President Hu Jintao's state visit to Italy "cemented the comprehensive strategic partnership between the two countries".
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