LINE

    Text:AAAPrint
    Economy

    China-Germany economic cooperation blossoms

    1
    2017-06-02 10:30Xinhua Editor: Gu Liping ECNS App Download

    Sun Yu, a 28-year-old lawyer in the eastern city of Jinan, drives a Volkswagen Golf and writes with a Lamy. When traveling, she takes pictures with a Canon, but only because she could not afford a Leica.[Special coverage]

    For Zheng He, her richer cousin-in-law in the eastern city of Hefei, the Audi Q3 ultimately became the accountant's vehicle of choice.

    Among China's urban middle class, German brands are recognized as high quality and good value. It is a reputation that has paid off well, with China now German's largest trading partner.

    "China's rise to become Germany's most important trade partner in the past year is mainly based on the strong development of Germany's exports to China in the third and fourth quarters," said Alexandra Voss, leader of a delegation of German industry and commerce to Beijing, in a written interview with Xinhua.

    "Economic relations between China and Germany have been highly successful over the past 40 years. We estimate that around 5,200 German companies are currently operating in China.... We also see a rapidly increasing number of Chinese enterprises investing in Germany," said Voss.

    With one-third of China-EU trade coming from Germany, the country's economic ties to China dwarf those of its European counterparts. Led by the big carmakers, German firms move into China faster and more aggressively than many of their rivals.

    In mid-May, BMW Brilliance Automotive opened an assembly plant in northeast China, one of the largest smart production bases of the BMW group.

    Beyond the scale of production, the plant, built upon Germany Industry 4.0 concept, incorporates VR, augmented manufacturing and laser scanning.

    Increased Chinese competition is "not only synonymous with growing competition but also opening new opportunities of cooperation", said Voss, adding that, "German high-tech enterprises in the fields of automatization and digital production can help shape the necessary processes in order to manage the migration from the labor intense to automated manufacturing."

    Technology and manufacturing are among a number of common interests of the two countries.

    For example, Sino-German Ecopark in the eastern port city of Qingdao focuses on attracting German enterprises to help Chinese companies upgrade their technology.

    "The German economy stands for open markets and free trade. Given the rise of protectionism in a number of large economies it's of the utmost importance to engage in supporting open structures with fair and transparent legal framework to further develop international trade," said Voss.

    In face of global uncertainties, anti-globalization sentiment and rising protectionism in the world, China and Germany should continue to promote trade liberalization and investment facilitation and safeguard the regulations of the World Trade Organization, Chinese Premier Li Keqiang said during talks with German Chancellor Angela Merkel in Berlin.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 喀喇沁旗| 安泽县| 玛曲县| 崇文区| 临潭县| 彰化市| 长沙县| 遂宁市| 光泽县| 札达县| 磐安县| 三亚市| 洛南县| 华池县| 石狮市| 奉节县| 城固县| 日喀则市| 环江| 呈贡县| 巫溪县| 江安县| 洛扎县| 抚州市| 宁国市| 同心县| 内黄县| 奎屯市| 偃师市| 通渭县| 宁波市| 萨迦县| 额尔古纳市| 奎屯市| 龙海市| 万安县| 会东县| 同仁县| 吉木乃县| 城市| 海城市|