5 February 2009

Ting Zhang Braves Blizzard Conditions to Hear Wen Jiabao’s Vision for China.

Ting Zhang was among the select group of British businessmen drawn from across the UK who battled the elements last Sunday to listen to a speech given by China’s Premier Wen Jiabao at a dinner held in his honour to mark his visit to London.

In the imposing setting of the Natural History Museum’s Central Hall, Sino-British links were firmly cemented as both politicians and executives from both countries sat alongside each other to discuss common themes and shared values. After an introductory talk by the Business Secretary, Lord Mandelson, Premier Wen gave his personal insight on what is needed to prevent current economic problems becoming a pro-longed recession. He explained how the Chinese government is using a combined set of measures to combat the crisis, in order to help stimulate the domestic economy and restore confidence, which, he reiterated, was “the most important thing, more important than gold or currency”.

The sectors of British industry most likely to benefit from China’s enhanced government spending ($586bn) would include aerospace, hi-tech manufacturing, education, pharmaceuticals and low-carbon technologies.  The Premier ended his speech on an upbeat note, as he emphasised that, “For China, the fundamentals of its economy are sound, and the long-term trend remains unchanged.”