Talking about New Opportunities in China's Economy | Communication: Gathering at the Hanover Industrial Expo - China Germany Science and Technology Economic and Trade Cooperation Seizing Opportunities for Win Win

"On the day of the Industrial Expo, we reached our first signed cooperation agreement. The Expo gave us, a private enterprise, the opportunity to showcase ourselves to the world and also showed us more opportunities and possibilities for cooperation." Yang Yingge, Vice President of Lima Optoelectronics Technology (Beijing) Co., Ltd., who made its debut at the Hanover Industrial Expo in Germany, said in a recent interview with Xinhua News Agency.

"After seeing the high-precision industrial CT measurement equipment we brought, many foreign companies expressed strong interest in cooperation," said Yang Yingge.

The 2024 Hanover Industrial Fair in Germany was held from the 22nd to the 26th of this month, attracting nearly 4000 exhibitors from about 60 countries and regions, with Chinese exhibitors accounting for 30%, second only to the host country Germany.

In front of the exhibition stand of Sichuan Fude Robotics Co., Ltd. at the Hanover Industrial Expo, a 1.6-meter-high white humanoid robot continuously performs various difficult movements, attracting many tourists to stop and watch. This robot weighs only 43 kilograms and has 71 movable parts throughout its body. "This year, we expect to enable this robot to communicate with users and assist them in simple tasks such as folding clothes and doing household chores. We aim to achieve commercial use next year, serving fields such as elderly care, health, and unmanned retail, and ultimately entering households," said Hu Tianlian, the chairman of the company.

It is reported that at this exhibition, this company has reached preliminary cooperation intentions with enterprises from Germany, Italy, Brazil, India and other countries. "We hope to showcase China's advanced robotics technology to the world while expanding our business through the 'link' of the Industrial Expo," said Hu Tianlian.

During this CIIE, Jiangsu Taicang, known as the "hometown of German enterprises" in China, held a special investment forum and signed two major projects with German companies, attracting more than 30 million yuan in investment.

As the first German small and medium-sized pharmaceutical and health enterprise to enter the Chinese market, HCP GmbH, a German pharmaceutical and health enterprise that has signed a contract to settle in the Taicang High tech Zone, plans to establish a dedicated live streaming e-commerce base in Taicang. "We not only have our online e-commerce base located in Taicang, but also have set up exhibition halls as important channels for brand promotion, allowing consumers to see, touch, and truly experience health products from Germany and overseas," said Ao Miaomiao, General Manager of HCP GmbH. "This is the first step for us to expand into the Chinese market, and it is also the most important and solid step."

This year marks the 10th anniversary of the establishment of a comprehensive strategic partnership between China and Germany. The Hanover Industrial Expo has also become an important platform for scientific, technological, and economic cooperation between the two countries. Xu Hui, the person in charge of the Taicang High tech Zone's office in Germany, stated that the deep integration of the industrial and supply chains between China and Germany, as well as the high dependence of the two markets, constitute the foundation of win-win economic and trade cooperation between the two countries. She hopes to take advantage of the Hanover Industrial Expo to further increase investment efforts and attract more German enterprises to come to Taicang and invest in it.

According to a report released by the German Chamber of Commerce in January, over 90% of surveyed German companies plan to continue rooted in the Chinese market, and more than half of them plan to increase their investment in China in the next two years. Shi Tianming, General Manager of the German China Economic Federation (foreign name: Thomas Scheler), said that Germany's investment in China in 2023 has reached a new high, reflecting the importance of cooperation between China and Germany. German companies are optimistic about the huge and stable Chinese market, and this Hanover International Fair has once again strengthened the confidence of win-win cooperation between China and Germany.

At the "Invest in China" regional exchange and cooperation docking meeting at the Hanover Industrial and Commercial Fair, the CEO of the German Chamber of Commerce for Foreign Trade, Treyer, stated that although the turbulent global situation has had a certain impact on the economic development and trade cooperation between Germany and China, there are many opportunities for cooperation between the two countries in areas such as renewable energy and green development. Adhering to dialogue and communication will promote the friendly development of bilateral relations.

Best, a writer in the field of industrial technology at Springer, believes that mutually beneficial cooperation between Germany and China is a guarantee of stable bilateral relations and an opportunity to create the future. He hopes that both sides will strengthen cooperation in the fields of science and technology, economy and trade, and achieve win-win results in the future.