There is great potential for Sino German economic, trade and investment cooperation

2021-11-02

2021 China Germany economic cooperation forum was recently held by video connection in China Germany (Changzhou) Innovation Industrial Park and Munich, Germany. Entrepreneurs from China, Germany and Austria, as well as government and scientific and technological circles attended the meeting to discuss new opportunities for Sino German economic, trade and investment cooperation. In recent years, the total volume of bilateral trade between China and Germany has reached new highs. In the first half of this year, the trade volume between the two countries increased by 34.2% year-on-year to US $112.88 billion, and the annual trade volume is expected to make a new breakthrough. China Germany (Changzhou) innovation industrial park has gathered 40 German funded enterprises with a total investment of more than 900 million euros. Marcus YID, representative of the Ministry of economy of Bavaria, said that Bavaria has close economic and trade relations with China and expects Germany and China to fully tap the potential of cooperation and deepen economic cooperation. Ezi radiation and Pharmaceutical Technology Co., Ltd. is a world-renowned provider of isotopes for medical, scientific and industrial use. During the epidemic prevention and control period, the company completed the decision to invest tens of millions of euros in the Sino German (Changzhou) innovation industrial park through video connection. Jon Nai, the relevant person in charge of the company, said that in view of the continuous growth of China's medical product market and the expanding demand of many hospitals for innovative medical technologies, the company will continue to expand investment and cooperation in China. German mainder company, mainly engaged in the production of automobile cable components, settled in the industrial park in 2019. Bolkovsky, the company's global vice president, introduced that their plant in Changzhou will be started in July 2019, and the 23000 square meter plant in phase I will be completed in August 2020. They will start to supply to Chinese customers in September, and supply to overseas customers by the end of the year. The company is full of confidence in its business in China and plans to open phase II project in the industrial park and build a 10000 square meter plant to further expand its production capacity. Although novel coronavirus pneumonia has brought economic impact, German enterprises are not less enthusiastic about investing in China, "Michael Ruger, senior partner of Roland Berger management consulting firm, said at the forum. "The epidemic has not changed the group's business development plan in China. Our business has been very successful in 2020 and is expected to expand further in 2021," said ludig wenhart, legal director of esjebe group, a German transformer manufacturer (outlook new era)

Edit:Ming Wu    Responsible editor:Haoxuan Qi

Source:people.cn

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