In The First 9 Months Of 2011, The Volume Of Trade Between China And Germany Reached US $127 Billion.

2011/10/25 15:57:00 41

In the context of the global economic and financial crisis, bilateral trade between China and Germany has not dropped. At a news conference held by the Chinese Embassy in Berlin on October 21st, Ambassador Wu Hongbo said China and Germany were each other's largest trading partners in their respective regions. In 2010, bilateral trade amounted to US $142 billion 400 million, accounting for China's Europe The total trade volume has reached US $127 billion in the first 9 months of 1/32011, and the volume of trade is expected to exceed 2010.

Ambassador Wu Hongbo also pointed out that mutual investment between China and Germany is not balanced. By the end of August 2011, Germany's investment in China had reached US $18 billion 30 million, while China's investment in Germany was only 1 billion 730 million. Investment The amount has been increasing. Overall, China's total investment in Germany is only 0.3% of other countries' investment in Germany, indicating that Chinese enterprises have great potential for investment in Germany.

Ambassador Wu Hongbo said that Chinese enterprises have entered Germany by means of mergers, acquisitions and equity participation. At present, more than 1300 Chinese funded enterprises have set up branches and representative offices in the country. Most of them are concentrated in Hamburg, Frankfurt, Dusseldorf and Cologne, among which Shenyang machine tool group, HUAWEI company and Sany group have acquired. achievement Especially eye-catching.