Hu's visit fosters closer political and economic ties with Denmark(2)

PROMOTE COOPERATION

Hu's visit also brings closer economic and trade ties between the two countries as a raft of deals were signed between Chinese and Danish enterprises.

Chinese Vice Premier Wang Qishan, who is among the entourage of President Hu, attended the signing ceremony of some 20 agreements on cooperation between Chinese and Danish companies. The value of the cooperative projects totalled 3.35 billion U.S. dollars.

Speaking at the Chinese-Danish Conference on Business and Trade held before the signing ceremony, Wang urged both sides to further enhance cooperation in the areas of trade, investment, finance, infrastructure, tourism and navigation.

"Today, we celebrate the importance of trade between Denmark and China by signing a large number of agreements and contracts," he said, adding that the deals could foster stronger trade ties, stimulate economic growth and create new jobs.

Noting that China has become Denmark's seventh largest trading partner, and the most important one in Asia, Wang said the two sides have carried out fruitful cooperation in the areas of wind power, bio-chemicals, transport, logistics and processing of farm produces.

Two-way trade has been growing at an annual rate of 22 percent in the past decade, and the trade volume rose to nearly ten billion U.S. dollars last year, he said.

Danish Crown Prince Frederick and Deputy Prime Minister Margrethe Vestager also witnessed the signing ceremony and attended the conference.

Chinese President Hu's visit to Denmark sent a clear signal to the business circles of the two countries to further strengthen cooperation, Crown Prince Frederick said.

He expressed the readiness to further deepen cooperation with China so as to achieve common prosperity and development.

Vestage said both countries are faced with the same opportunities and challenges. He called for companies of the two countries to deepen cooperation.

Hu arrived in the Danish capital on Thursday for a three-day state visit. From Denmark, He will travel to Los Cabos, Mexico, for the June 18-19 summit of the Group of Twenty (G20), which will address pressing issues affecting global economic growth and stability.