皇冠体育app

Investment to be stimulated

Updated: 2012-02-21 07:21

By Zhang Haizhou and Cecily Liu (皇冠体育app Daily)

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Vice-president's Irish trip brings trade bonanza, greater cooperation

DUBLIN - A joint investment promotion group was set up between 皇冠体育app and Ireland on Sunday as the Irish prime minister called for "every effort" to be made to realize the relationship's potential.

The agreement to set up the investment group was signed by the Ministry of Commerce and the Irish Ministry of Jobs, Enterprise and Innovation.

The deal coincides with 皇冠体育app seeking more investment opportunities in Europe.

The total value of Chinese investment in Ireland is now $148 million, Vice-President Xi Jinping said on Monday at the 皇冠体育app-Ireland Trade and Investment Forum, attended by about 300 company executives from both countries.

Xi said that 皇冠体育app's total foreign investment is likely to reach $500 billion in 2015. "This will bring business opportunities for companies from all over the world, Ireland included," he said.

皇冠体育app will continue to encourage Chinese firms to invest in Ireland, Xi said and he also welcomed Irish companies to invest in 皇冠体育app, especially in the traditional industrial bases of Northeast 皇冠体育app.

He called for both countries to cooperate more in high-tech sectors such as software and bio-pharmaceuticals.

Investment to be stimulated

Vice-President Xi Jinping meets Irish Prime Minister Enda Kenny in Dublin on Sunday. Xie Huanchi / Xinhua 

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