Country for PR: China
Contributor: Xinhua News Agency
Friday, November 20 2020 - 20:22
German companies bullish on Chinese market
JINAN, China, Nov. 20, 2020 /Xinhua-AsiaNet/ --

Many German companies have expressed confidence in the Chinese market at a 
conference in east China's Shandong Province, according to Jinan High-tech 
Industrial Development Zone Management Committee.

"Feel free to try out our application. Chinese and foreign companies can 
communicate on it and reach agreements online," Sebastian Valcic from Germany 
who works at the Jinan Innovation Zone, introduced the application designed for 
the 2020 Sino-German (Europe) SME Cooperation and Communication Conference.

The conference took place on Thursday in Jinan, the provincial capital, with 11 
Chinese and foreign cooperation projects signed worth 10.13 billion yuan (1.54 
billion U.S. dollars) in investment.

"We have always stayed bullish on China's development," said An Yu, executive 
vice president Asia-Pacific of VOSS Automotive, a German company. "Thanks to 
China's economic recovery policies, our business in China has grown by 40 
percent this year, prompting the Asia-Pacific region revenue to become the 
fastest-growing revenue segment of our company."

Joachim Denzel, a project consultant with Festo, said that China's economy 
keeps growing despite a gloom over other economies worldwide. He expects 
business in China to outgrow other areas in the world in the future.

According to the Ministry of Industry and Information Technology, since 2012, 
China has set up nine Sino-German SME cooperation zones, giving strong support 
to the investment of Germany's medium- and small-sized companies in China with 
policies and intellectual property protection.

"Our app is still in the testing stage, but more than 150 foreign companies 
have already registered, and more than half of them are German companies," said 
Sebastian Valcic.

Source: Jinan High-tech Industrial Development Zone Management Committee

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   Caption: Project Signing Ceremony