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Home >> Business
UPDATED: 09:02, May 27, 2005
Chinese, Spanish enterprises hold investment talks in Shanghai
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The China-Spain Enterprise Investment and Cooperation Talk in Shanghai drew 284 Chinese and Spanish enterprises Thursday, according to the municipal source.

The deputy mayor of Shanghai, Hu Yanzhao, and the Spanish Minister of Industry, Tourism and Trade, Jose Montilla Aguilera, gave the opening speeches.

Hu said China has paid much attention to economic and trade cooperation with Spain and hopes to step up efforts in this regard.

The Spanish minister said China's booming market economy has provided huge chances for the Spanish enterprises to expand their presence in the world.

The 54 Spanish enterprises participating in the talk cover the sectors of auto parts, engineering and infrastructure, environmental protection, fine chemical industry, tourism and other tertiary services.

The 230 Chinese enterprises at the talk are mainly from Jiangsu, Zhejiang and Shanghai in the Yangtze River delta.

Up to date, about 300 Spanish enterprises have launched projects in China with investment totaling 430 million euros or one percent of the total overseas investment in China, the municipal source said.

Source: Xinhua


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