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China to send investment team to Britain

BEIJING, March 2 – China will send a small delegation to Britain to examine investment opportunities there, state media reported Monday.

The delegation, composed mainly of investment analysts, will discuss issues concerning key equipment and patent technology, the Xinhua news agency said, citing Commerce Minister Chen Deming.

"It is what China needs for development," Chen was quoted as saying.

Chen said on Friday during a visit to Britain that the team would be sent this week, according to Chinese media reports.

A British trade and investment delegation, to be headed by Foreign Secretary David Miliband and Business Secretary Peter Mandelson, is due visit China in late April, he added, according to the reports.

A Chinese investing mission just finished a European tour to Britain, Germany, Switzerland and Spain.

The team signed around 13 billion dollars in deals with companies in the four countries, according to state media reports.

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