QINGDAO, Oct. 15 (Xinhua) -- The two-way investment between China and Germany has accumulatively been more than 40 billion US dollars, according to Li Yong, deputy director of the Investment Promotion Agency of the Ministry of Commerce at a forum in east China's Qingdao city.
In 2017, the bilateral trade volume between China and Germany amounted to 168.1 billion U.S. dollars, accounting for nearly 30 percent of the total trade volume between China and Europe. China has become Germany's largest trading partner for two consecutive years, said Li.
More than 8,000 German enterprises have invested in China, while more than 2,000 Chinese enterprises are doing business in Germany. The cooperation between the two sides has far exceeded the trade scope, covering finance, technology, environmental protection, energy, humanities and other fields, according to Li.
The Chinese government is actively promoting a higher level of opening up to the outside world, and taking measures to protects legal rights and intellectual property rights of the foreign investors. From the Chinese market and policy support, it provides a good opportunity for enterprises to invest in China, said Li. (Edited by Hu Pingchao, hupingchao@xinhua.org)
A single purchase
