|
 |
| Zhang Hainan (right), general manager of the
China Satellite Communications Corporation, shakes hands with
Giuliano Berretta, chairman and managing director of Eutelsat, at
the signing ceremony to mark the two firms' co-operation in satellite communication services
yesterday in Beijing.(newsphoto) |
An Italian business delegation accompanying visiting President Carlo
Ciampi clinched big deals in China yesterday.
The Italian delegation came after their French counterparts notched up
an array of deals worth of 4 billion euro (US$5.2 billion) in October, and
was followed by German entrepreneurs who arrived together with German
Chancellor Gerhard Schroeder yesterday.
Although the total investment figure of the signed deals has not yet
been worked out, "it will be considerable," said a member of the Italian
delegation, who did not give his name.
The deals cover a wide range of sectors such as energy, infrastructure
construction, transportation and telecommunications.
Skylogic, under Eutelsat, one of the world's leading satellite
operators, yesterday signed a partnership agreement with China Satellite
Communications Corporation, a major Chinese telecommunications operator.
The two partners will kick off co-operation in 2005 after approval by
authorities in the respective nations.
They will begin to provide satellite communications services for
businesses, governments and media of both sides when the time is ripe.
Giuliano Berretta, chairman and managing director of Eutelsat, said:
"The project is expected to facilitate relations and interchanges between
the two countries' satellite communications sectors."
Pirelli, an Italian tyre manufacturer, will establish a joint venture
in Central China's Henan Province next year, with Chinese partner
Shanghai-listed Aeolus.
"Our investment in the joint venture will amount to nearly US$200
million in the coming three years," said Francesco Gori, president of
Pirelli's tyre business.
Leading Italian automaker Fiat has also vowed to increase its presence
in China by launching new models of vehicles, Luca di Montezemolo, the
president of Fiat, told China Daily.
The company is the largest Italian investor in China.
Italian companies have also expressed interest in taking advantage of
the Beijing Olympic Games, to be held in 2008, saying they are ready to
provide financial and telecommunications services for the event.
(China Daily) | 
Updated: 2004-12-06 11:15