Trade teams from China are visiting Europe and the Chinese investments may help rekindle the region’s economies and exchange traded funds (ETFs).
An official from the Chinese Ministry of Commerce stated that the government will send investment and procurement delegations to Europe, reports Diao Ying for China Daily.
These outward investment ventures are seen to help stabilize foreign trade and industry structure. It is also an opportune time to start looking for overseas assets since they are now dramatically cheaper as a result of the economic downturn.
The Chinese government has sent delegations to Germany, Spain, Switzerland and Britain. They will also be visiting France later on. The trade mission already signed contracts worth more than $13 billion. Another team is also in the United States negotiating $10.6 billion in trade and investment contracts.
- Vanguard European ETF (VGK): down 0.8% year-to-date
- PowerShares FTSE RAFI Europe Portfolio (PEF): up 5.6% year-to-date
- BLDRs Europe 100 ADR Index Fund (ADRU): down 2.9% year-to-date
Max Chen contributed to this article.
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