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Chinese Vice Premier Wu Yi and visiting Belgian visiting Crown Prince Phillipe on Tuesday signed a memorandum of understanding on setting up a Belgium-China direct equity investment fund.

Related readings:  China-EU trade hits US$272.3 billion in 2006  EU for greater market access  Sino-Belgian economic cooperation

The fund is expected to help Chinese companies to invest in Belgium and other member countries of the European Union, according to a statement issued by Chinese Commerce Ministry.

In 2006, China-Belgium trade totaled US$14.2 billion, according to China's Commerce Ministry.

Crown Prince Phillipe said his economic delegation had attended a string of business seminars and negotiations during the two-week tour, producing substantive results.

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