May—Chinese top legislator Wu Bangguo and Austrian Acting Chancellor Josef Proll met here on Saturday, with both sides agreeing to expand bilateral trade and economic cooperation in the fight against the ongoing world financial crisis. Wu, chairman of the
Standing Committee of China’s National People’s Congress (NPC), said China’s development has provided even greater room for expanding economic and technological cooperation with Austria. Proll said the financial crisis had incurred a serious impact on Austria’s economy. In the process of addressing the consequences of the financial crisis, the Austrian government places great importance on strengthening economic and technological relations with China. China witnessed an economic growth of 6.1 percent
in the first quarter of this year, while Austria’s economy contracted 2.8 percent in the same period. Noting that the two economies are highly complementary, Wu said China has a huge market and Austria has advanced technologies in many fields. He said China is ready to expand cooperation with Austria in such areas as energy efficiency, environment
protection, water conservancy, eco-agriculture, auto parts and clean energy, so as to foster new growth spots of both economies.
Standing Committee of China’s National People’s Congress (NPC), said China’s development has provided even greater room for expanding economic and technological cooperation with Austria. Proll said the financial crisis had incurred a serious impact on Austria’s economy. In the process of addressing the consequences of the financial crisis, the Austrian government places great importance on strengthening economic and technological relations with China. China witnessed an economic growth of 6.1 percent
in the first quarter of this year, while Austria’s economy contracted 2.8 percent in the same period. Noting that the two economies are highly complementary, Wu said China has a huge market and Austria has advanced technologies in many fields. He said China is ready to expand cooperation with Austria in such areas as energy efficiency, environment
protection, water conservancy, eco-agriculture, auto parts and clean energy, so as to foster new growth spots of both economies.
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