Government News
CIIE viewed as must for German companies eyeing China market 2022-10-16
A statue of Jinbao, the panda mascot of the China International Import Expo, in Shanghai during the fourth CIIE in 2021.
For Michael Borchmann, a former senior official in the German state of Hessen, it's clear that any company wanting to sell its products to the vast Chinese market can't afford to ignore the China International Import Expo, or CIIE.
The 5th CIIE will be held in Shanghai from Nov 5-10 at the National Exhibition and Convention Center.
And from the perspective of Borchmann, a former director of the European and International Affairs Department of the Hessen State Chancellery, there is no event like the CIIE anywhere else in the world.
"It has gained such importance that no enterprises which want to sell their products can afford to ignore the CIIE and the attractive Chinese market," he told a conference in Frankfurt on Wednesday held by the Frankfurt office of the Shanghai Foreign Investment Development Board to promote the expo and Shanghai.
More than 170 German companies participated in the 4th CIIE in Shanghai last year. And this year, 280 of the top 500 global companies will attend the 2022 edition, with 90 percent of these companies being repeat participants.
Borchmann notes that the expo is not just a platform for global multinational companies, but also small and medium-sized enterprises.
"CIIE is also a showcase for Shanghai, an ideal location for German businesses," said Borchmann, who has visited China 16 times.
China has been Germany's largest trading partner for the past six years. China is the largest source of imports for Germany and the second-largest export destination, trailing the United States. Some 5,000 German companies operate in China.
Top German automakers such as Mercedes-Benz, BMW and Volkswagen sell about 30-40 percent of their products in the Chinese market.
Norbert Noisser, senior adviser for China at the Chamber of Commerce and Industry of Giessen-Friedberg, said that the CIIE is a strong signal for the opening of the Chinese domestic market to foreign investors.
"Shanghai is the most important location for companies to invest in China," he said. "China is a driver for innovation, and an important partner with a huge domestic market. This opens great opportunities for German companies."
Noisser notes that the pandemic and the Russia-Ukraine conflict, along with other pressures on global supply chains, have posed major challenges for companies, and he said these problems require international cooperation.
Both Noisser and Borchmann applaud the huge progress achieved between Germany and China over the past 50 years of diplomatic relations, not just in trade and investment but also in wide-ranging people-to-people exchanges.
Business climate
Zhu Yi, vice-chair of the Shanghai Municipal Commission of Commerce, welcomes the participation of German companies in the CIIE and their investment in Shanghai.
She said that Shanghai is dedicated to creating the most optimal business climate to facilitate investment and trade and with the most efficient government administration.
Xue Feng, president of the Shanghai Foreign Investment Development Board, talked at length about Shanghai's business climate for foreign investors.
"Innovation and inclusiveness have always been Shanghai's most distinctive characteristics," he said.
Zhu Weige, the economic and commercial counselor of the Chinese Consulate General in Frankfurt, said that China-Germany relations have achieved huge progress in the past 50 years and will maintain their momentum despite some recent negative coverage by news media.
Source: China Daily
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