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February 4, 2012

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Premier hopes for Sino-German trade boom

PREMIER Wen Jiabao yesterday said trade volumes between China and Germany will "hopefully" exceed US$200 billion this year.

The total trade volume between China and Germany amounted to US$169.1 billion in 2011, Wen said.

It is important for economic and trade relations between the two sides to be totally equal and mutually beneficial in light of the gloomy global economy, Wen said, adding that new opportunities exist for Sino-German cooperation.

He called on both sides to further expand two-way investment and boost cooperation in the areas of technology, energy conservation and environmental protection by holding a more open attitude and combining advantages.

Merkel said Germany has the desire to further expand investment in China and welcomes Chinese enterprises to invest in Germany. She also expressed her hope that both sides can explore new fields for cooperation and boost bilateral economic cooperation.

 

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