As protectionism poses significant challenges to the global economy, China and Germany are taking proactive steps to enhance their economic cooperation. Approximately 200 representatives from Chinese and German government and business sectors gathered in Stuttgart, Germany, for the China-Germany Economic and Trade Cooperation Forum on Monday.
The forum, organized by the China Council for the Promotion of International Trade (CCPIT), centered around the theme \"New Opportunities for China-Germany Economic and Trade Cooperation in the Context of Global Supply Chain Restructuring.\" Participants reached a consensus on the importance of strengthening international cooperation rather than undermining it.
Johannes Jung, director of strategy, commercial law, foreign trade, and Europe at the Baden-Württemberg Ministry of Economic Affairs, highlighted concerns over the rise of protectionism. Jung emphasized the need for open markets, fair trade relations, and reliable international perceptions to ensure that investments abroad remain secure and competitive.
Ren Hongbin, chairman of CCPIT, expressed the organization's commitment to fostering bilateral investment and creating a favorable environment for business cooperation. He also noted the goal of encouraging more Chinese companies to invest in Germany.
Tim Wenniges, deputy CEO of the Entrepreneurs Baden-Württemberg Association, viewed the forum as a positive signal for potential collaboration. He underscored the extensive economic ties between China and Germany, noting that both nations are key trading partners with significant mutual investments.
Wang Xiao, director of Genertec International Holding Co., Ltd., discussed the impact of the global supply chain revolution on Chinese and German companies. He advocated for enhanced cooperation based on openness, tolerance, and mutual benefit to overcome challenges and achieve win-win outcomes.
Huang Yiyang, consul general of China in Frankfurt, highlighted China's attractiveness for foreign investments, particularly in light of ongoing industrial transformation and technological innovation. Additionally, Lin Shunjie, chairman of China International Exhibition Center Group Limited, announced the upcoming China International Supply Chain Expo, which aims to further strengthen Sino-German supply chain interconnections.
The forum demonstrated a shared commitment to navigating the complexities of the global economy through collaboration and innovation, positioning China and Germany as pivotal players in shaping the future of international trade.
Reference(s):
China, Germany eye closer cooperation amid rising protectionism
cgtn.com
