Increased Chinese sales despite Nobel row / News / The Foreigner

Increased Chinese sales despite Nobel row. China demands Norway issue a political apology for awarding the Nobel Peace Prize to dissident Liu Xiaobo, but looks the other way when it comes to business. Officially, relations are bad. Unofficially, Norwegian companies are satisfying China’s appetite for shipping industry-related high technology, components for offshore installations, silicon, and aluminium.   Q1 exports totaling four billion kroner have headed east of Norway, with an imports increase of 17 percent compared to the same period last year.

nobelpeaceprize, liuxiaobo, norwegian-chinesetraderelations



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Increased Chinese sales despite Nobel row

Published on Wednesday, 11th May, 2011 at 15:09 under the news category, by Michael Sandelson   .
Last Updated on 11th May 2011 at 23:06.

China demands Norway issue a political apology for awarding the Nobel Peace Prize to dissident Liu Xiaobo, but looks the other way when it comes to business.

Trade and Industry Minister Trond Giske
Minister Giske seen here signing a joint EFTA 2 statement (illustration photo)Trade and Industry Minister Trond Giske
Photo: NHD-INFO/Flickr


Officially, relations are bad. Unofficially, Norwegian companies are satisfying China’s appetite for shipping industry-related high technology, components for offshore installations, silicon, and aluminium.  

Q1 exports totaling four billion kroner have headed east of Norway, with an imports increase of 17 percent compared to the same period last year.

“It’s an example of Chinese pragmatism amongst a predominantly political chilliness. My impression is that it’s business as usual regarding bilateral trade, with little international or local Nobel fallout,” Chinese economic expert and professor at the Norwegian Business School’s (BI) strategical and logistical institute, Rolv Petter Amdam, tells Aftenposten.

Saying “quality matters”, the Professor justifies his view by referring to China’s maritime industry, which is “under tremendous development with a wish to become the world’s largest.”

Neither Aftenposten nor The Confederation of Norwegian Enterprise (NHO) could find any businesses willing to confirm the export surge.




Published on Wednesday, 11th May, 2011 at 15:09 under the news category, by Michael Sandelson   .
Last updated on 11th May 2011 at 23:06.

This post has the following tags: nobelpeaceprize, liuxiaobo, norwegian-chinesetraderelations.





  
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