The 2024 “Investment in China” special promotion event will be held in Germany

Stuttgart, Germany, April 5th (Xinhua) – The 2024 “Invest in China” series of events was held in Stuttgart, the capital of Baden-W ü rttemberg, Germany on April 5th, attracting over 300 representatives from the German business community to participate.

Friedrich, Chairman of the German Chinese Parliament Group, former Vice President, and former Minister of the Interior of the German Federal House, said in his speech that for half a century, Germany and China have established a fairly successful economic and trade relationship on the basis of globalization. The two countries should continue to work together to address challenges and achieve win-win cooperation.

This is the 2024 This is the 2024 “Invest in China” series event in Stuttgart, Germany, filmed on April 5th. Photo by Xinhua News Agency reporter Ren Pengfei

Ling Ji, Vice Minister of Commerce of China and Deputy Representative for International Trade Negotiations, stated in his speech that in recent years, China Germany relations have developed healthily and steadily. The leaders of both sides have reached important consensus in supporting economic globalization, opposing decoupling and disconnection, and deepening bilateral trade and investment. China has always maintained openness and actively addressed the concerns of foreign-funded enterprises, and German enterprises have great potential in China.

Chinese Consul General in Frankfurt, Huang Yiyang, said that China’s vast consumer market, complete industrial chain system, and Germany’s technological innovation and research and development advantages are highly complementary. The cooperation between China and Germany is full of vitality, great potential, and numerous opportunities.

Representatives from local governments, parks, and enterprises in Shanxi Province, Shaanxi Province, Tianjin City, Suzhou City, and other regions in China have promoted their own advantages in developing green energy and high-end equipment manufacturing. Representatives of relevant local governments and enterprises will engage in industry specific investment project docking and negotiation with German enterprises.

According to a report from the German Institute of Economics, Germany’s total direct investment in China reached a record high of 11.9 billion euros in 2023, an increase of 4.3% compared to the previous year. In 2023, Germany’s investment in China accounted for 10.3% of Germany’s total overseas investment, the highest level since 2014.

This is the 2024 This is the 2024 “Invest in China” series event in Stuttgart, Germany, filmed on April 5th. Photo by Xinhua News Agency reporter Ren Pengfei

-