A China-Europe freight practice certain for Duisburg of Germany pulls out of the Wuhan terminal of China Railway Intermodal in Wuhan, Central China’s Hubei Province, March 28, 2020. Picture: Xinhua
China’s Vice International Minister met representatives of the German Chamber of Commerce in China (AHK) on Monday because the 12 months 2022 marks the fiftieth anniversary of the institution of diplomatic relations between China and Germany.
Over the previous 50 years, financial and commerce cooperation has all the time been a stabilizing think about China-Germany relations, stated Deng Li, Vice Minister of International Affairs, on Monday, in keeping with a press release launched on the ministry’s web site.
The German aspect expressed gratitude for China’s long-term help to Volkswagen, Daimler and different German corporations in China, in addition to to the AHK.
AHK representatives included Stephan Wöllenstein, Chairperson of AHK and CEO of Volkswagen Group China, Jens Hildebrant, Govt Director of AHK (North China) and delegate, Chief Consultant of Delegation of German Business & Commerce in Beijing, and Hubertus Troska, President-elect of AHK and Chairman and CEO of Daimler Higher China.
“German corporations, similar to Volkswagen and Daimler, are deeply engaged within the Chinese language market and have made constructive contributions to the in-depth growth of China-Germany cooperation. The AHK has lengthy maintained shut exchanges and cooperation with China and turn into an necessary bridge of communication between China and Germany,” stated Deng.
Deng famous that it’s hoped that the AHK and German corporations in China will proceed to play an energetic function in deepening China-Germany cooperation, introduce to Europe and Germany the vitality and potential of the Chinese language market, assist Europeans from all walks of life view China in an accurate means and add impetus to the event of China-Germany and China-EU relations.
“Because the outbreak of COVID-19, with China’s full help, the ‘quick observe’ between China and Germany has turn into essentially the most steady and most secure air route between the 2 international locations, enjoying a key function for German corporations to renew work and manufacturing in China,” stated a German consultant.
In 2021, practically 60 p.c of German corporations in China registered development of their enterprise and over 70 p.c of German corporations plan to extend funding in China within the subsequent two years. This totally demonstrates the total confidence of German corporations within the Chinese language financial system and market.
“We’re able to take the fiftieth anniversary of the institution of China-Germany diplomatic relations as a chance to proceed to function a bridge and make new contributions to deepening China-Germany and China-EU cooperation,” the AHK remarked.
China has been Germany’s largest buying and selling associate for six consecutive years and China-Germany commerce accounts for about 30 p.c of China-EU commerce, in keeping with statistics.
In 2021, China-EU commerce in items reached $828.1 billion, hitting a report excessive. Within the first two months of 2022, the EU overtook ASEAN to turn into China’s largest buying and selling associate once more.