In the face of rising protectionism shaking the global economy, China and Germany are stepping up their game to ensure continued collaboration and mutual growth. 🌍✨
About 200 leaders from Chinese and German government and business sectors gathered at the China-Germany Economic and Trade Cooperation Forum in Stuttgart this Monday. Organized by the China Council for the Promotion of International Trade (CCPIT), the event centered on \"New Opportunities for China-Germany Economic and Trade Cooperation in the Context of Global Supply Chain Restructuring\".
Johannes Jung from the Baden-Wuerttemberg Ministry of Economic Affairs voiced concerns over the surge in protectionism, emphasizing the need for open markets and fair trade. \"Businesses crave reliable international perceptions and competitive conditions abroad,\" Jung stated.
Highlighting the importance of ongoing dialogue, Jung advocated for regular political and private visits to foster mutual understanding. He remains optimistic, asserting that economic globalization is here to stay and that trust-based international cooperation is crucial.
Ren Hongbin, chairman of CCPIT, echoed these sentiments, aiming to unlock new trade potentials and promote high-quality German products in China. \"We’re committed to strengthening industrial and supply chain collaborations,\" Ren added.
Tim Wenniges from the Entrepreneurs Baden-Wuerttemberg Association saw the forum as a positive sign of desired cooperation. With China being a pivotal trading partner, he stressed the importance of resisting global tendencies towards economic isolation to promote innovation and deeper exchanges.
Wang Xiao of Genertec International Holding highlighted the ongoing transformation of the global supply chain, advocating for openness, tolerance, and mutual benefit as the keys to overcoming challenges.
Looking ahead, the China International Supply Chain Expo is set to launch on July 16 in China. With 19 German companies already on board from sectors like smart automotive and clean energy, expectations are high for even more participation this year. 🚗⚡
As China continues to be an attractive destination for foreign investment, stakeholders from both nations are gearing up for a future of strengthened economic ties and collaborative success. 🌟🤝
Reference(s):
China, Germany eye closer cooperation amid rising protectionism
cgtn.com
