share
 

Industrial scale of Sino-German cooperation in Beijing grows to 40B yuan

0 Comment(s)Print E-mail Xinhua, May 15, 2024
Adjust font size:

The Beijing China-Germany economic and technological cooperation demonstration zone has attracted more than 100 German enterprises, reaching an annual industrial scale of 40 billion yuan (about 5.53 billion U.S. dollars), according to a forum held in Beijing.

The China-Germany (China-Europe) Hidden Champions Forum 2024 concluded in Beijing on Tuesday, having witnessed a trend of collaborative development between Sino-German (European) hidden champions and innovative clusters of small and medium-sized enterprises (SMEs).

Hidden champions refer to highly successful yet lesser-known SMEs that are global leaders in terms of market share in their respective niches. Germany now boasts about 500 hidden champions.

Attendees at the forum said they consider economic and technological Sino-German cooperation to be a model for global cooperation. Representatives of Sino-German industrial parks located in Chinese regions such as Beijing, Taicang, Qingdao, Wuhan and Hefei signed an initiative during the event, aiming to integrate cooperation ecosystems across different regions and industries.

With a total investment of 5 billion euros (about 5.4 billion U.S. dollars), the Beijing China-Germany economic and technological cooperation demonstration zone is seen as a crucial gateway for Sino-German cooperation in Beijing.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter