Chinese buyers on 'procurement mission' in Europe

25 February 2009

25 February 2009 | Jake Kanter

A group of buyers from China is visiting Europe this week to purchase about £1.5 billion (15 billion yuan) of goods and services.

The delegation of Chinese government officials and business representatives, led by commerce minister Chen Deming, will visit the UK, Germany, Switzerland and Spain to source products including IT.

Earlier this month Chinese premier Wen Jiabao pledged to begin 'procurement missions' to the UK after signing a memorandum of understanding with prime minister Gordon Brown aimed at boosting trade between the two countries (News, 19 February).

China believes that increased purchasing from Europe will help boost its economic growth by eliminating inefficient manufacturing and speeding up modernisation.

The group also argues that stronger trade links between China and Europe will help contribute to the "revival" of the world economy.

SMfeb2009

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