Tuesday, December 17, 2013

News From China

Yesterday was the first day of the economic mission that Hereditary Grand Duke Guillaume and Hereditary Grand Duchess Stéphanie are currently accompanying to China. Their first stop on the five-day tour of China was Beijing. While we are still flying pictureless thus far, I can already tell you what they did on their first day.

Together with the official delegation also including Luxembourg's Minister of the Economy and Foreign Trade, Etienne Schneider, and Secretary of State for the Economy, Francine Closener, the couple were received by the Chinese Minister of Commerce, Gao Hucheng. They also met with Zhou Xiaochuan, president of the Chinese central bank (People's Bank of China), and Xiao Gang, who is the chairman of Chinese financial market regulator (CSRC). The main purpose of this week's economic mission is to look for new business opportunities and the strengthening of economic, financial and trade relations between the Grand Duchy and the People's Republic of China. The mission also aims to promote Luxembourg to become the first international centre in Europe for the Chinese currency Renmimbi (RMB).

Later in the day, the Hereditary Grand Duke and the Hereditary Grand Duchess as well as further officials also took part in the inauguration of a new technical center for research and development (R&D) of IEE, a world leading innovative developer of specialized sensing systems. 

In addition, they also attended the opening of new offices of Paul Wurth S.A., a company that already delivered goods for the steel industry to China in 1911. During the course of the visit Hereditary Grand Duke Guillaume gave a speech during which he talked about the two countries' long-standing economical ties and stressed the importance of the steel industry for the economic development of the Grand Duchy.

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