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02:54
China: 25th China International Industry Fair attracts over 3,000 companies
[Stand_up] Wu Bin, Reporter: "Walking inside the robot venue at the 25th China International Industry Fair, you see Chinese companies like Jaka alongside their international counterparts like Fanuc and ABB. In fact, it might be the first time for visitors to see them all under one roof, and this shows China’s ongoing efforts to promote high-level opening-up." [Voiceover] The industry fair this year attracts over 3,000 companies from 28 countries and regions around the world. Authorities say the scale of the fair has surpassed Hannover Messe, Germany’s leading industry fair, with European exhibitors accounting for more than 30 percent. But back in 1999, when the fair was first launched, no foreign companies participated. The surge in international presence now reflects the broader rise of foreign investment across the country. As a major manufacturing power, Germany continues to expand its investment in China. One German heating equipment giant has been in the country for 30 years. Last year, it established its only R&D and manufacturing center outside Europe in China, one of its largest investments in recent years. [Soundbite] Jeroen Sterel, Director, Asia-Pacific Region, Vaillant Group: "What we added here is the R&D function. So the R&D function became an important part here. The pace of innovation in China is much faster than in other parts of the world. So it is the right thing to have here this R&D and to make sure that we can implement whatever they, you know, think about into our products." [Voiceover] The business environment also attracts many small and medium sized companies, also known as “hidden champions” from the country. Recently, delegations from Germany visited east China’s Jiangsu Province to seek out investment opportunities. [Soundbite] Christoph Ahlhaus, Chairman, German Association of Small and Medium Sized Business: "We are a delegation of something about 20 companies from Germany, the medium sized companies. They are very interested to invest in China, especially in this region here." [Soundbite] Shen Wei, General Manager, Auto-Kabel Harness (Taicang): "China’s auto industry is the world’s largest, with the EV sector being top in the world. In the future, we’re confident about the Chinese market and will continue to expand our investment." [Voiceover] In 2024, China’s actual use of foreign capital exceeded over 116.2 billion USD. The manufacturing sector uses more than 30.8 billion USD, accounting for about 26.5 % of the total. Against a backdrop of global uncertainty, stability and certainty become key factors for foreign investors to consider. And China, with its economic stability and resilience, continues to win their confidence. [Restrictions: No access Chinese mainland]
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