News News

China to boost cooperation with Austria

日期: 2019-04-27
浏览次数: 3

Companies from both sides plan third-party market tie-ups for growth

China and Austria will sign a memorandum of understanding on third-party market cooperation on Sunday, as the two countries look to develop further with the Belt and Road Initiative framework, said an official at the National Development and Reform Commission.

Wang Jianjun, director general of the department of foreign capital and overseas investment at the NDRC, said more opportunities and favorable conditions will be available for companies from both sides.

'Companies from both nations are highly complementary, showing great potential and broad prospects for cooperation in third-party markets,' Wang said. 'Austria has unique advantages in fields including mechanical equipment manufacturing, environmental protection, engineering design and healthcare. China has rich experience in fields such as infrastructure, energy development, machinery and equipment and financing.'

Wang made the remarks on Friday at the Sino-Austrian Forum on Third Market Cooperation held in Beijing.

According to Wang, the NDRC will actively work with the Austrian Federal Ministry for Digital and Economic Affairs to establish a third-party market cooperation platform and promote cooperation in terms of projects, companies and financial support, Wang said.

China remained one of Austria's top five trading partners, and the trade volume between the two countries surged 16.2 percent year-on-year to $9.75 billion in 2018, statistics from the Ministry of Commerce show.

'Benefiting from open markets, China has made huge technological progress and has become an active participant in world trade,' said Richard Schenz, vice-president of the Austrian Federal Economic Chamber. 'As a result, many opportunities have evolved for Austrian companies to offer their expertise and know-how to Chinese partners not only in China, but also in markets outside of China.'

Schenz cited a recent survey conducted by the chamber's Beijing office, saying 28 percent of the surveyed subsidiaries of Austrian companies in China said they were doing business with Chinese partners outside of China. And a further 38 percent of the respondents said they were considering to do so in the near future, it said.

Chen Wanjie, director of the Confucius Institute at the University of Graz in Austria, said he saw great potential for cooperation between the two countries in third-party markets.

'While 99 percent of the Austrian companies are small and medium-sized firms, many of them have advanced technologies. Combining China's large-scale production capabilities and Austria's high-tech, I believe there's a promising future. And it will also support the development in third-party markets.'

In recent years, many Chinese companies are ramping up their global businesses and actively participating in countries and regions involved in the Belt and Road Initiative.

China State Construction Engineering Corp Ltd is one of the growing Chinese companies forging a bigger global footprint. To date, it has built more than 6,000 projects in over 130 countries and regions, with total revenue of more than $100 billion.

'We believe the cooperation between Austrian and Chinese companies will give full play to complementary advantages,' said Jin Jiangping, vice-president of international operations at China State Construction Engineering Corp Ltd.

'Austrian companies have a better understanding of Central and Eastern Europe. And it has geographical advantages as well as strong competitiveness in design consultation and technical standards,' Jin said. 'We are willing to cooperate with Austrian companies in Central and Eastern Europe and other third-party markets for mutual benefit.'


Share to:
News / Recommended news More
2019 - 09 - 17
Chinese oil and gas shares soared significantly on Monday, as prices soared in the wake of drone attacks on the world's biggest oil processing facility and an oilfield in Saudi Arabia.Shares of energy equipment companies and oil and gas firms traded in Shanghai and Shenzhen jumped 3.96 and 2.96 percent respectively on Monday, according to Shanghai-based information provider Wind Info.Brent Crude o...
2019 - 09 - 16
BEIJING - In the early 1980s, a steam turbine factory in inland China was on the brink of bankruptcy, forcing its workers to produce kitchen knives to survive.The factory now has turned into one of the world's largest manufacturers of power generators, with its products and services exported to nearly 80 countries and regions.The secret behind the transition, said Xu Peng, deputy general manager o...
2019 - 09 - 11
YINCHUAN - The rising popularity of a water-saving irrigation system in Oman and Egypt, designed by Northwest China's Ningxia University, serves as a witness to the China-Arab win-win cooperation in science and technology.Comprised of underground pipes, wind and solar power equipment and mobile intelligent control devices, the system enables water to spread to targeted spots more accurately compar...
2019 - 09 - 09
BEIJING - China's exports of goods rose 2.6 percent year on year in August, while imports fell 2.6 percent, customs data showed Sunday.Trade surplus stood at 239.6 billion yuan (about $33.79 billion) last month, expanding 41.8 percent from one year earlier, according to data released by the General Administration of Customs (GAC).The country's exports grew 6.1 percent year on year in the first eig...
Phone: 86-510-85750782 
Zip code:214031
Address: Room 3606, Block A, Yunhe East Road 555, Wuxi, Jiangsu Province, China
Copyright ©2018 - 2021 Leonzon International Trading Co., Ltd.
犀牛云提供企业云服务