German ties to Chengdu provide inspiration, opportunities

Authors: China Daily

2017-07-10

An economic and cultural hub in western China, Chengdu, capital of Sichuan province, is boosting ties with Germany in various fields ranging from art and design to transport, manufacturing and trade, experts said.
As the starting point of the Chengdu-Europe Express Railway, the city enjoys many of the same transport advantages as Duisburg.
Ralf J. Meurer, head of the economic promotion bureau of Duisburg, said: "We hope to optimize the benefits brought by the railway and further advance economic and trade ties with Chengdu."
He said the bureau has set up a special business association to offer one-stop services for Chinese enterprises.
In the past decade, more than 70 Germany-based enterprises including 18 Fortune Global 500 companies have set up operations in Chengdu, with a total investment of some 2 billion euros ($2.28 billion).
The import and export volume between Chengdu and Germany has shown an upward trend and surpassed a total of 23 billion euros in the past five years.
Manufacturing and trade
As a demonstrative city for the Made in China 2025 strategy, Chengdu has strengthened relations with Germany in the manufacturing industry.
One example is the ongoing project of Germany's Bosch Group, which plans to build a new plant in the Sino-German Small and Medium-sized Enterprise Cooperation Park in Pujiang county of Chengdu.
With a total investment of 180 million yuan ($26.47 million), the plant will produce high-end products such as packaging machinery, hand-held electronics and desktop power tools.
It is expected to realize annual output value of 500 million yuan.
Covering some 30 square kilometers, the park is home to more than 50 enterprises in precision machinery and related industries.
It is one of the five demonstration zones for cooperation between China and Germany set by the Ministry of Industry and Information Technology.
A representative of the park said the area will introduce more Germany-based companies in the future. By 2020, the park is expected to have more than 100 foreign enterprises with an output value of 10 billion yuan.
There are also other cooperative platforms in Chengdu between China and Germany such as the 22-sq-km key zone for industrial innovation in research and development, medical care, intelligent manufacturing and international trade, the 7-sq-km innovative upgrading demonstration zone and the 58.8-sq-km park for the auto industry.
( source: www.chinadaily.com.cn, July 7, 2017)
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