To tackle the crisis and challenges, countries have taken various countermeasures, contributing greatly to restoring confidence and mitigating the consequences of the crisis. However, in the face of a crisis, efforts of a single country are far from enough. In a world featuring globalization, economies are inextricably interwoven with each other. The history of world economy has proven that insulation and protectionism offers no way out; openness and cooperation is the right recipe to heal a crisis. The visit of the China Trade and Investment Promotion Delegation, which I lead, to Britain is an important follow-up to Premier Wen Jiabao’s “Trip of Confidence” earlier this month. It shows the stance and resolution of the Chinese government to oppose protectionism under difficult circumstances.
New challenges often present new opportunities. To China and Britain, this crisis will serve as a catalyst to enrich our reciprocal cooperation. At present, governments at all levels in China are in full gear to implement measures targeted at maintaining the steady growth of economy. With the execution of large-scale projects in public welfare, infrastructure, and ecological environment, hundreds of thousands of companies with foreign including British investment will be able to share these new business opportunities. During my investigation and study tours around China, I found that many Chinese enterprises, especially private ones, are very interested in buying more advanced technology and equipment from Europe. Among all EU countries, Britain is the third largest trade partner for China and has made the most investment in cumulative terms. Our two countries enjoy huge potential in such fields as biology, information and environmental technology, low-carbon economy, energy technology, new materials, pharmaceuticals and healthcare. China is the fastest-growing market for international services trade and high-end goods, which could be translated into more opportunities for many famous British brands and companies in such service sectors as finance, distribution, design and consultancy to compete in the Chinese market. Of course, more and more Chinese companies will possess the caliber to cooperate with British companies. We encourage companies from the two countries to further deepen exchanges and cooperation in every field and share those valuable opportunities.