A business delegation from East China's Zhejiang province has started a six-day trip to Germany and France on a flight chartered by the provincial Department of Commerce, in a bid to bring more business to China and offer international companies increased access to China's huge market.
The two destinations are the first stops of Zhejiang's campaign to "send 1,000 business delegations and 10,000 companies to explore the international market". The delegation is China's first business team led by provincial-level commerce authorities to travel abroad since the COVID-19 pandemic began.
Through such government-led business trips, it is hoped that companies will be more upbeat about their growth prospects and more willing to go abroad and communicate with international counterparts, according to Li Lin, an official with Zhejiang's Department of Commerce who is also the delegation's secretary-general.
"We will promote Zhejiang's business environment and innovative measures and explore opportunities for economic and trade cooperation between Zhejiang and European countries," said Li.
The delegation, which represents 31 companies, is expected to visit local companies as well as businesspeople with Zhejiang roots to learn more about the local market and take part in international exhibitions.
Fei is chairman of Jiaxing Ruili Textile Co, a leading manufacturer of knitted fabric. The company, which was founded in 2007 in Jiaxing, Zhejiang, relies heavily on foreign trade.
Jiaxing's government has separately organized a 96-person delegation to Japan and a smaller one to Europe. In addition, Ningbo, another export-oriented city in Zhejiang, sent a business delegation to the United Arab Emirates on Tuesday.
urthermore, starting on Friday, over 200 representatives of foreign-trade companies and governments at different levels in Suzhou, Jiangsu province, will visit more than 15 Fortune Global 500 companies in France and Germany for the first time in three years.
The team will participate in over 230 activities in the two countries, including visiting multinational firms, attending investment promotions and meeting with financial institutions and chambers of commerce.
Suzhou currently has more than 660 German-invested companies, and its trade with Germany totaled $14.8 billion in 2021, up 33.9 percent year-on-year and accounting for more than 6 percent of China's total trade with the nation.
The city also has more than 130 French-invested companies. Suzhou's trade with France — which reached $4.42 billion last year, a 22.1 percent year-on-year increase — accounts for more than 5 percent of China's total with the country.
Nationwide, authorities in such provinces as Sichuan, Guangdong and Fujian have taken similar steps. As China continues to optimize its COVID-19 policies, more places are expected to join the ranks to ramp up foreign trade and economic development.
Above articles is from China Daily
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