AsiaNet 86774

JINAN, China, Nov. 20, 2020 /Xinhua=KYODO JBN/ --

Many German companies have expressed confidence in the Chinese market at a

conference in east China's Shandong Province, according to Jinan High-tech

Industrial Development Zone Management Committee.

"Feel free to try out our application. Chinese and foreign companies can

communicate on it and reach agreements online," Sebastian Valcic from Germany

who works at the Jinan Innovation Zone, introduced the application designed for

the 2020 Sino-German (Europe) SME Cooperation and Communication Conference.

The conference took place on Thursday in Jinan, the provincial capital, with 11

Chinese and foreign cooperation projects signed worth 10.13 billion yuan (1.54

billion U.S. dollars) in investment.

"We have always stayed bullish on China's development," said An Yu, executive

vice president Asia-Pacific of VOSS Automotive, a German company. "Thanks to

China's economic recovery policies, our business in China has grown by 40

percent this year, prompting the Asia-Pacific region revenue to become the

fastest-growing revenue segment of our company."

Joachim Denzel, a project consultant with Festo, said that China's economy

keeps growing despite a gloom over other economies worldwide. He expects

business in China to outgrow other areas in the world in the future.

According to the Ministry of Industry and Information Technology, since 2012,

China has set up nine Sino-German SME cooperation zones, giving strong support

to the investment of Germany's medium- and small-sized companies in China with

policies and intellectual property protection.

"Our app is still in the testing stage, but more than 150 foreign companies

have already registered, and more than half of them are German companies," said

Sebastian Valcic.

Source: Jinan High-tech Industrial Development Zone Management Committee

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   Caption: Project Signing Ceremony