Trade and Investment benign interaction Expo becomes the Propulsion of International capacity Cooperation

| gov.cn

Xinhua News Agency, Shanghai, November 10, by wire: the benign interaction between Trade and Investment Expo has become the Propulsion of International capacity Cooperation

Xinhua News Agency reporters Wu Yu, Shi Longhong, Xu Xiaoqing

"at the Expo, the German headquarters has decided to significantly increase investment in China, increase wall-mounted boiler production lines in Jiangsu Wuxi plant, and build air fresh air equipment plants." Weineng (China) heating and Refrigeration Environment Technology Co., Ltd. Asia Pacific Director Jeroen Scorell said.

With the rising demand for residential comfort among middle-income people, Weineng's business in China has been growing rapidly for nearly a decade, adding more than 100 people to the after-sales service team alone this year.

In the view of Jeroen Scorell, who has worked in China for more than a decade, the Chinese economy is very healthy, as evidenced by the gradual acceptance of high-end wall-mounted boilers that can provide both hot water and heating. It is wise for WeiNeng to bring the latest products and technologies to China and increase local production, and its first exhibition this year was to "feel the demand of the Chinese market more accurately".

After Japan's Aijiexu (AGC) participated in the first Expo last year, it increased its investment in Jiangsu Suzhou Automotive Glass Factory and Guangdong Huizhou liquid Crystal display Factory according to the new demand of the Chinese market. For the second time this year, the exhibition brought the news that it was ready to set up an R & D center in East China.

"in the past, we introduced mature Japanese technology into China to meet the needs of the market. Now that China is developing rapidly and with great market prospects, the establishment of an R & D center to meet the needs of the Chinese market has become a global strategy. " Ai Jiexu, general representative of China, said Minyu Ueda.

Mr Ueda said foreign companies needed to make two changes to invest in China in the future: first, to keep up with the direction of high-quality development of China's economy and improve the quality of investment. "the scale of investment alone can no longer have an advantage in China"; Second, with the leading role of the Chinese market in the world becoming increasingly prominent, related needs in the fields of environment, safety and health are rising to global demand. Foreign investment should track these needs and analyze and solve them. In turn, the "China approach" will be extended to the global market.

American Merlot, which has also participated in the Expo for two consecutive years, specializes in cleaning and cosmetics production. In 2003, Merlot first chose Shanghai Fengxian to set up a large factory. In the past two years, China has jumped to become the largest market for melogists outside the United States, and its investment in China has accelerated significantly. Following the construction of the second largest production base in China in Nantong, Jiangsu Province in 2017, it has recently announced the launch of a third round of investment to set up a daily chemical production base in Fengxian, Shanghai.

"the Expo is a big platform, an accelerator to promote international capacity cooperation." At the 2019 Industrial International Competitiveness Cooperation Forum, the supporting event of the second Expo held on the 8th, Wang Zhan, president of the Shanghai Federation of Social Sciences, said that with the continuous expansion of the global appeal of the Expo, Investment cases such as Tesla's Shanghai Super Factory will continue to emerge, that is, first purchase imports, and then trade-driven investment, according to the combination of factors for reconfiguration.

Wang Zhan believes that the interaction between trade and investment inspired by the Expo is not one-way. In turn, many countries, especially those along the "Belt and Road Initiative" route, are also using the Expo platform to attract investment from Chinese enterprises.

"the 'going out' of Chinese enterprises is giving birth to new forms of trade, that is, the relevant production and processing are produced and processed abroad, and then shipped to China for sale, so as to expand the exports of relevant countries to China. Therefore, the spillover effect of the Expo is not limited to China, but really 'buy the world, benefit the world', welcome visitors from five continents, and benefit the world. " Wang Zhan said.

According to the latest research report of the Shanghai Academy of Social Sciences, the Yangtze River Delta region not only has a world-class manufacturing industry cluster, but also a world-class consumer market. As the Expo becomes the propeller of international production capacity cooperation, the national strategy for the development of regional integration in the Yangtze River Delta will be accelerated. The Yangtze River Delta is expected to bring about in-depth changes in the industrial chain as a result of scientific and technological innovation, and bring new market trends to the new trend of consumption. The urban economic circle, which ranks among the forefront of the world, gathers the new momentum of international industry.

Trade and Investment benign interaction Expo becomes the Propulsion of International capacity Cooperation

| gov.cn

Xinhua News Agency, Shanghai, November 10, by wire: the benign interaction between Trade and Investment Expo has become the Propulsion of International capacity Cooperation

Xinhua News Agency reporters Wu Yu, Shi Longhong, Xu Xiaoqing

"at the Expo, the German headquarters has decided to significantly increase investment in China, increase wall-mounted boiler production lines in Jiangsu Wuxi plant, and build air fresh air equipment plants." Weineng (China) heating and Refrigeration Environment Technology Co., Ltd. Asia Pacific Director Jeroen Scorell said.

With the rising demand for residential comfort among middle-income people, Weineng's business in China has been growing rapidly for nearly a decade, adding more than 100 people to the after-sales service team alone this year.

In the view of Jeroen Scorell, who has worked in China for more than a decade, the Chinese economy is very healthy, as evidenced by the gradual acceptance of high-end wall-mounted boilers that can provide both hot water and heating. It is wise for WeiNeng to bring the latest products and technologies to China and increase local production, and its first exhibition this year was to "feel the demand of the Chinese market more accurately".

After Japan's Aijiexu (AGC) participated in the first Expo last year, it increased its investment in Jiangsu Suzhou Automotive Glass Factory and Guangdong Huizhou liquid Crystal display Factory according to the new demand of the Chinese market. For the second time this year, the exhibition brought the news that it was ready to set up an R & D center in East China.

"in the past, we introduced mature Japanese technology into China to meet the needs of the market. Now that China is developing rapidly and with great market prospects, the establishment of an R & D center to meet the needs of the Chinese market has become a global strategy. " Ai Jiexu, general representative of China, said Minyu Ueda.

Mr Ueda said foreign companies needed to make two changes to invest in China in the future: first, to keep up with the direction of high-quality development of China's economy and improve the quality of investment. "the scale of investment alone can no longer have an advantage in China"; Second, with the leading role of the Chinese market in the world becoming increasingly prominent, related needs in the fields of environment, safety and health are rising to global demand. Foreign investment should track these needs and analyze and solve them. In turn, the "China approach" will be extended to the global market.

American Merlot, which has also participated in the Expo for two consecutive years, specializes in cleaning and cosmetics production. In 2003, Merlot first chose Shanghai Fengxian to set up a large factory. In the past two years, China has jumped to become the largest market for melogists outside the United States, and its investment in China has accelerated significantly. Following the construction of the second largest production base in China in Nantong, Jiangsu Province in 2017, it has recently announced the launch of a third round of investment to set up a daily chemical production base in Fengxian, Shanghai.

"the Expo is a big platform, an accelerator to promote international capacity cooperation." At the 2019 Industrial International Competitiveness Cooperation Forum, the supporting event of the second Expo held on the 8th, Wang Zhan, president of the Shanghai Federation of Social Sciences, said that with the continuous expansion of the global appeal of the Expo, Investment cases such as Tesla's Shanghai Super Factory will continue to emerge, that is, first purchase imports, and then trade-driven investment, according to the combination of factors for reconfiguration.

Wang Zhan believes that the interaction between trade and investment inspired by the Expo is not one-way. In turn, many countries, especially those along the "Belt and Road Initiative" route, are also using the Expo platform to attract investment from Chinese enterprises.

"the 'going out' of Chinese enterprises is giving birth to new forms of trade, that is, the relevant production and processing are produced and processed abroad, and then shipped to China for sale, so as to expand the exports of relevant countries to China. Therefore, the spillover effect of the Expo is not limited to China, but really 'buy the world, benefit the world', welcome visitors from five continents, and benefit the world. " Wang Zhan said.

According to the latest research report of the Shanghai Academy of Social Sciences, the Yangtze River Delta region not only has a world-class manufacturing industry cluster, but also a world-class consumer market. As the Expo becomes the propeller of international production capacity cooperation, the national strategy for the development of regional integration in the Yangtze River Delta will be accelerated. The Yangtze River Delta is expected to bring about in-depth changes in the industrial chain as a result of scientific and technological innovation, and bring new market trends to the new trend of consumption. The urban economic circle, which ranks among the forefront of the world, gathers the new momentum of international industry.



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