Arab Today, arab today german official new silk road creates business opportunities
Last Updated : GMT 02:34:28
Arab Today, arab today
Arab Today, arab today

German official: New Silk Road creates business opportunities

Arab Today, arab today

Arab Today, arab today German official: New Silk Road creates business opportunities

Frankfurt - XINHUA

Freight trains connecting Europe and China along the "New Silk Road" railway had enormous potential that would be fully tapped, according to a minister from the German state of North Rhine-Westphalia (NRW). "This opens new opportunities for business cooperation not only for NRW, but also for other parts of the country, Western Europe and China," Economic Affairs, Energy and Industry Minister Garrelt Duin told Xinhua in a written interview. The international railway originates from the southwestern city of Chongqing in China, crosses the border into Kazakhstan at Alashankou, and passes through Russia, Belarus and Poland before reaching its terminus in Duisburg, a western German city in NRW's Ruhr area. The railway is named "Yu New Europe railway," also referred to as the "New Silk Road." Duisburg is right at the heart of Europe, through which major transport corridors from north, south, east and west Europe pass. The "Yu New Europe railway" cuts the five-week shipping time of the past to only about two weeks, Duin said. "In order to fully tap the potential, we will use all our communication channels to inform the business community," he said. NRW had witnessed a boom in Chinese investment, Duin said. As a result of the rapid growth of China's economy, some 800 Chinese companies, including many multinational corporations, are based in NRW today, compared to 100 in 2003. Chinese investors had created and secured about 8,000 jobs in the state and brought capital, new ideas, products, procedures and methods, he said. Economic relations between NRW and China date back to the early 1980s. "We are happy we took this step at an early stage," Duin said, adding it was no coincidence NRW was the top location for Chinese investors in Germany now. Duin led a delegation to China last October and was impressed by its transportation infrastructure, including a well-developed rail network and international airports. "The growth of the Chinese economy over the past decades has been one of the miracles of modern economic development," Duin said. "Nevertheless, it is still on the way to becoming the world's leading economy." The rapid economic growth brought prosperity to China, but at the same time, it also led to many problems, which were "well identified and approached" in China, Duin argued. "The Chinese leadership apparently focuses not on quantitative growth but on qualitative and sustainable growth for future development," he said. Duin sees the market, infrastructure, qualified workforce and subsidies as factors attracting foreign investment there. Through its representative offices in Nanjing, Shanghai and Beijing, NRW's state-owned economic development agency provides Chinese companies with information about the state as a business location, its investment climate, legal and social conditions and market opportunities. Chinese companies have focused on mergers and acquisitions in Germany since 2010. "As a rule, these are strategic acquisitions designed to continue product lines and secure jobs," he said. Chinese investors will get more involved in Germany and Europe, according to Duin.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german official new silk road creates business opportunities Arab Today, arab today german official new silk road creates business opportunities

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german official new silk road creates business opportunities Arab Today, arab today german official new silk road creates business opportunities

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Airbus CEO says won't cling to job

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 'Final phase' of battle for Raqa

GMT 03:47 2017 Monday ,16 October

'Final phase' of battle for Raqa
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Norway seeks 'Tesla tax' on electric cars

GMT 08:17 2017 Friday ,13 October

Norway seeks 'Tesla tax' on electric cars
Arab Today, arab today Safaa Sultan happy for “Love School”

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”
Arab Today, arab today Conservation cutbacks put Brazil's

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:19 2017 Wednesday ,11 October

Bosy reveals behind her participation in festival

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:20 2017 Thursday ,12 October

Chad extends key conservation area

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:16 2017 Friday ,13 October

Lufthansa to swallow lion's share

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday