March 7 (Bloomberg) -- Chinese Commerce Minister Chen Deming is leading representatives from Bank of China Ltd., China Shipping (Group) Co. and more than 20 of the country’s companies to Europe to expand business amid worldwide recession.
The group, including China National Coal Group, CNFC Overseas Fishery Co., Suzhou New District High-Tech Industrial Co. and representatives from Chinese automakers will visit Germany, Switzerland, Spain and the U.K., the ministry said on its Web site today.
The companies will follow up on issues and deals discussed during a similar trip to Europe last month, the ministry said. The global financial crisis is spurring the Chinese government to seek business opportunities and cooperation in Europe and to signal China’s commitment to an open market, the report said.
The cooperation will focus on the auto industry, machinery and electronics, light industry, food, textile, garment making, the chemical and pharmaceutical industry, and environmental protection, the report said.
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