Monday, July 28, 2014

From "complementary" to "combination"

Germany is China's largest trading partner in Europe, is also the important source of capital and technology. In 2013, bilateral trade volume of $161.6 billion, 1972 times that of diplomatic relations between the two countries in 1972. Look from the size and importance,good quality ASME B16.47 300lb welding neck flange bilateral trade and economic cooperation are walking in the china-eu economic and trade cooperation. Germany for more than 30 years to maintain China's biggest trading partner in Europe, the bilateral trade volume has been five years since 2009 account for thirty percent of the trade, the eu exports to China in half from Germany, a quarter of the imports from China to Germany. China's forty percent from the eu's technology import from Germany.

German investment in China accounts for a quarter of eu investment in China, since 2003 more than the UK, Europe's biggest investor in China. The German companies in China about 8200,pipe fittings seamless&welded concentric reducer the total investment of more than $20 billion, almost all leading enterprises have been in China for the layout and in-depth development. To invest in DE China starts relatively late, but in recent years of strong growth momentum. SBC to accelerate investment on DE high quality manufacture enterprise mergers and acquisitions. According to incomplete statistics, China to Germany, with the total investment of about 4 billion dollars, the annual average of more than 100 investment projects, in enterprises has reached more than 2000.

Act in an opera in economy and trade ", "financial" plays ". Frankfurt, Germany is the euro zone's financial center, bilateral trade accounts for nearly a third of the total amount of trade,Class 150lb ANSI B16-5 Welding Neck Flange German companies and financial institutions to use RMB settlement and investment value of the endogenous demand strongly. In march this year, China's central bank and the German federal bank signed a memorandum of understanding on the RMB clearing mechanism in Frankfurt. This will be conducive to Chinese and German enterprises and financial institutions use the RMB cross-border settlement, promote trade and investment facilitation. At the end of April, Germany's largest state-owned development bank Renaissance credit bank two-year RMB bonds.

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