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LONDON, Nov. 5 (Xinhua) -- The Britain-China infrastructure1 cooperation CEO round-table conference, the first of such ever held between the two countries, opened in London on Monday, with both Chinese and British entrepreneurs hoping to strength cooperation and exploring potentials in the field.
Chinese vice2 minister of commerce Zhong Shan and British minister without portfolio3 Kenneth Clarke spoke4 highly of the conference, describing it as a good platform and mechanism5 for the companies of the two countries to strengthen mutual6 understanding and cooperation.
The Chinese vice minister suggested the two countries to bring each other's advantage into play, and promote a sustainable and rapid development of the bilateral7 economic and trade cooperation, especially in the field of infrastructure facilities.
"We welcome British companies to take part in China's economic restructuring and industry upgrading, and invest in central and western China as well as old industrial base in the northeast," Zhong said.
At the same time, he hoped the British side to introduce the investment environment and infrastructure investment projects to Chinese firms, and create conditions for Chinese firms to invest in Britain.
Chinese firms have made increasing investment in Britain this year, as encouraged by the government's "going global" strategy.
In middle September this year, Chinese communications giant Huawei Technologies announced that it would invest 2.0 billion U.S. dollars in Britain and committed to increasing its workforce8 from the present 800 people to over 1,500 by 2017.
China Investment Corporation (CIC), China's sovereign wealth fund, said in November that its subsidiary has purchased a 10-percent stake in Heathrow Airport Holdings, which marks CIC's second investment in British infrastructure, as the company also holds an 8.68-percent stake in Thames Water, the largest water supply and waste water treatment company in Britain.
At the infrastructure CEO round-table meeting focusing on transport, the British side briefed the Chinese companies on rail structure and opportunities in the area.
The conference is a follow-up event of the Fourth China-UK Economic and Financial Dialogue held in September 2011, when the two countries inked memorandums of understanding on cooperation in the fields of infrastructure and energy.
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1 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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2 vice | |
n.坏事;恶习;[pl.]台钳,老虎钳;adj.副的 | |
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3 portfolio | |
n.公事包;文件夹;大臣及部长职位 | |
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4 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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5 mechanism | |
n.机械装置;机构,结构 | |
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6 mutual | |
adj.相互的,彼此的;共同的,共有的 | |
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7 bilateral | |
adj.双方的,两边的,两侧的 | |
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8 workforce | |
n.劳动大军,劳动力 | |
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