The space for Sino German economic, trade and investment cooperation is vast
2024-11-26
The 2024 Euro Finance Week "China Day" event was recently held in Frankfurt, Germany, with over 220 representatives from political, economic, and financial fields from both China and Germany in attendance. The attending representatives believe that there is vast space for economic, trade, and investment cooperation between China and Germany. They look forward to both sides fully exploring opportunities, strengthening mutually beneficial cooperation, and jointly injecting more stability and positive energy into the world economy. In July this year, I visited Beijing, Shanghai and other places, and the development speed and innovation vitality of these places left a deep impression on me Zabina M ö derl, Deputy Governor of the German Federal Bank, stated in her speech that holding the "China Day" event is of great significance. The economic and trade cooperation between Germany and China has a long history, and the economic interests of the two countries are highly integrated. In the context of constantly changing global situations, Germany and China should deepen exchanges and mutual learning, and jointly explore a sustainable future. As of the end of July this year, the stock of bilateral investment between China and Germany reached 64.9 billion US dollars, accounting for 1/4 of the total bilateral investment between China and Europe. The industrial and supply chains of China and Germany are deeply intertwined, and the markets of the two countries are highly interdependent. Chinese Consul General in Frankfurt, Huang Yangyang, stated that both China and Germany are based on industry, support free trade and economic globalization, and attach great importance to green and low-carbon development and social security. These commonalities are not only the key to the success of China Germany economic and trade cooperation, but also a reflection of the shared aspirations of both sides. They will not and should not change with changes in the external environment. When it comes to the future, participants believe that China will still be an important engine for global economic growth and a highland for global innovation and research and development. As the world's second and third largest economies, China and Germany should work together to promote development, create a better future, and continue to write a story of mutual achievements in cooperation. As one of the world's leading industrial gas companies, Messer Group has been in the Chinese market for nearly 30 years. Stephen Messer, the chairman of the board of supervisors of the company, appreciated the Chinese culture and the wisdom and diligence of the Chinese people, and said that "the basic trend of China's economic recovery and long-term improvement has not changed, and we are full of confidence in this". Jens Rupert, the head of the Asia Pacific region at Bank of Baden-W ü rttemberg in Germany, believes that China's market size and development potential are very attractive. "China is our friend and partner. German companies advocate free trade and fair competition, and oppose 'decoupling and disconnection'." He suggests that "German companies should strengthen exchanges and learn from their Chinese counterparts in fields such as technological innovation, digitization, and artificial intelligence." Euro Financial Week is one of the largest information exchange platforms in the European financial and banking industry. With the continuous opening up of China's financial market, more and more European companies and financial institutions are paying attention to the Chinese capital market. Hua Yuan, member of the Standing Committee of the Shanghai Municipal Party Committee and Deputy Mayor, introduced to European figures that currently, Shanghai is focusing on smoothing the financial blood, promoting a virtuous cycle of economy and finance, and vigorously promoting the coordinated development of the "Five Centers". We look forward to Shanghai continuing to expand mutually beneficial cooperation with the European Union, and hope that European financial institutions will play a greater role in Shanghai's deepening of high-level financial opening up to the outside world. Zhang Xiaodong, Vice President of Bank of China, stated that Bank of China has been deeply involved in the German market for many years, actively promoting economic, trade, and financial exchanges between China and Germany, as well as between China and Europe. It has built cross-border funding pools for multinational companies such as Volkswagen, Mercedes Benz, and Porsche, and issued multiple euro bonds for German companies such as Allianz, Linde, and ZF. Looking forward to working together with partners from all walks of life to contribute to Sino German economic, trade, financial cooperation, and social development. Demolishing a bridge is far more meaningful than building a bridge that promotes communication Andreas Scholz, President of Eurofinance Group, expressed a great welcome for financial and economic cooperation from China. Frankfurt and Shanghai are both international financial centers, and the two sides can jointly build a "circle of friends" for financial cities. He called on Germany and China to look to the future with a more open and constructive attitude, creating more possibilities for win-win cooperation. (New Society)
Edit：Yi Yi Responsible editor：Li Nian
Source：www.people.cn
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