China-Norway Ties: Business leaders seek sustainable cooperation
Updated 22:00, 19-Oct-2018
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A royal visit, new business deals, and opportunities galore spanning two continents. The China-Norway business summit coincides with the visit by Norwegian King Harald the fifth and Queen Sonja. The Beijing summit promises enhanced cooperation under the theme of "pioneering sustainable solutions". CGTN's Wang Mengzhen has more.
Norway's royal couple, leading the nation's largest ever business delegation to China. Facing current global trade tension, the 81-year old king's keynote speech inspires business leaders on both sides.
HARALD V NORWEGIAN KING "I feel confident that the combined efforts of our companies, governments and institutions, all representatives today will enable us to tackle our common challenges to develop new and sustainable partnerships."
24 new business agreements were signed at Tuesday's summit with areas of cooperation running deep and wide. For the first time, Chinese e-commerce giant Alibaba is joining hands with Kongsberg, a Norwegian hi-tech enterprise, to digitalize the energy sector.
SIMON HU, PRESIDENT ALIBABA CLOUD "Norway is doing very well in digital transformation and related services. So combining Alibaba's cloud computing with Konsberg's digital systems will help provide better services, not just for energy companies in China but all of Asia and the Pacific region."
HEGE SKRYSETH, PRESIDENT KONGSBERG DIGITAL "During a weekend in China, we meet with many of the large companies but also potential partners from other areas. The delegation comes from the Norwegian side and meets with the Chinese delegation is a very good set-up for future cooperation."
Collaboration in new energy and green initiatives are two of Norway's main focuses. As the first stop of their state visit to China, the King and the Queen went to one of the world's largest solar panels, in northwestern China's Gansu province. All this while a bilateral free trade agreement (FTA) is in the pipeline. Last month, the two nations wrapped up their latest round of FTA talks.
GU SHENGZU, VICE CHAIRMAN 13TH NATIONAL COMMITTEE CHINESE PEOPLE'S POLITICAL CONSULTATIVE CONFERENCE "As a mature open-market economy along the Atlantic Coast, Norway is a key partner for China to inter-connect with Europe. We welcome Norwegian companies to participate in China's first import expo in Shanghai this November and hope both sides can explore new growth points in manufacturing, clean energy and technology."
WANG MENGZHEN BEIJING "Together with the royal couple, a record 340 representatives from 150 Norwegian companies are visiting China, making the bilateral business possibilities here tremendous. WMZ, CGTN, BEIJING."