'We are constantly looking for more opportunities in China,' Deutsche Bank China COO says
6 months ago

'We are constantly looking for more opportunities in China,' Deutsche Bank China COO says

China Daily  

The skyline of Beijing. SHANGHAI -- Deutsche Bank has recently made substantial investments in enhancing its operational capacity in North China's Tianjin municipality, Ole Gerdau, chief operating officer at Deutsche Bank China, told Xinhua in an interview on Monday. Gerdau underscored the pivotal role of China's economic liberalization and the RMB's global ascendancy as cornerstones of Deutsche Bank's strategic vision in China. Deutsche Bank is positive about China's economic growth, elevating its GDP growth projection for 2024 by half a percentage point in April, with the revised figure at 5.2 percent. We are constantly looking for more opportunities," he said, highlighting the bank's key role of supporting large Chinese corporations and institutional Chinese investors in achieving their international aspirations.

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History of this topic

German firms eye increased investments in China
1 week, 4 days ago

German firms eye increased investments in China

China Daily  

A view of Volkswagen Anhui's office complex and plant in August 2023. GUO CHEN/XINHUA SHANGHAI — The vast majority of German companies plan to maintain their operations in China, with many intending to increase investment within the next two years, according to the results of a recent survey released by the German Chamber of Commerce in China. The Business Confidence …

German firms eye increased investments in China
1 week, 4 days ago

German firms eye increased investments in China

China Daily  

A view of Volkswagen Anhui's office complex and plant in August 2023. GUO CHEN/XINHUA SHANGHAI — The vast majority of German companies plan to maintain their operations in China, with many intending to increase investment within the next two years, according to the results of a recent survey released by the German Chamber of Commerce in China. The Business Confidence …

Door opened wider for foreign-invested businesses
3 weeks, 5 days ago

Door opened wider for foreign-invested businesses

China Daily  

By ZHONG NAN| China Daily| Updated :2024-11-28 When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

WANG YANGYANG/FOR CHINA DAILY When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

Great potential attracts German investment
1 month, 2 weeks ago

Great potential attracts German investment

China Daily  

Huge national market, opening-up policy and dynamic innovations prove irresistible to foreign enterprises Viewing China as a growing and vast market, German companies are optimistic about the country's innovative vitality and dividends of higher-level opening-up, industrial insiders said. Prospects fuel growth The continual increase in German investment stems from confidence in China's sustained economic development and innovative capabilities. The continuous …

China to steadily push forward financial opening-up: central bank
Trending News
1 month, 2 weeks ago

China to steadily push forward financial opening-up: central bank

China Daily  

Xinhua | Updated: 2024-11-07 17:00 Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, …

China to steadily push forward financial opening-up: central bank
Top News
1 month, 2 weeks ago

China to steadily push forward financial opening-up: central bank

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, improve the quality and efficiency …

China at center of our business, says StanChart Group CEO
1 month, 2 weeks ago

China at center of our business, says StanChart Group CEO

China Daily  

Standard Chartered's booth during the ongoing 7th China International Import Expo. BEIJING — China remains a key focus for Standard Chartered Bank and the group's overall commitment to the country has only increased, said Bill Winters, group CEO of the banking corporation, in a recent interview with Xinhua News Agency. He noted that this adjustment sometimes means expanding operations in …

China at center of our business, says StanChart Group CEO
1 month, 2 weeks ago

China at center of our business, says StanChart Group CEO

China Daily  

Standard Chartered's booth during the ongoing 7th China International Import Expo. BEIJING — China remains a key focus for Standard Chartered Bank and the group's overall commitment to the country has only increased, said Bill Winters, group CEO of the banking corporation, in a recent interview with Xinhua News Agency. He noted that this adjustment sometimes means expanding operations in …

China's Growth: A Catalyst for Global Prosperity
1 month, 2 weeks ago

China's Growth: A Catalyst for Global Prosperity

China Daily  

China's growth is vital for global development, and the country will promote mutually beneficial cooperation and development to counter the zero-sum games being played by some Western economies. The expansion and structural optimization of China's economy will have a significant impact on global economic growth, with every 1 percentage point increase in China's growth rate boosting global economic growth by …

Germany's De-risking Strategy in India: A Crucial Crossroads for the European Economy
2 months ago

Germany's De-risking Strategy in India: A Crucial Crossroads for the European Economy

Live Mint  

German Chancellor Olaf Scholz is visiting India this week to explore the potential of the vast Indian market. The visit comes at a delicate time for Germany, as its export-oriented economy faces a second year of contraction and worries over a trade dispute between the European Union and China. However, German companies are optimistic about India's growth potential, with a …

Lufthansa hoping to increase China capacity
3 months ago

Lufthansa hoping to increase China capacity

China Daily  

Lufthansa passenger jets at Frankfurt Airport, July 17, 2023. There's a strong connection between the fourth-biggest economy in the world Germany and the second-biggest economy China," Ritter said. China Daily "We are looking forward to further development and we are pretty sure that we will come back to pre-pandemic capacity here between Europe, Germany and China," said Ritter. "Germany has …

Chinese funds help energize Global South
3 months, 3 weeks ago

Chinese funds help energize Global South

China Daily  

An employee works on an assembly line of electric buses, whose components are imported from China, in Addis Ababa, Ethiopia, in March. Today, Chinese firms, especially those engaged in sectors like high-end manufacturing and trade-in services, are adapting their strategies to better align with the changing global market environment. Over the past five years, with the global landscape evolving rapidly, …

China's banking sector assets growing steadily: regulator
4 months ago

China's banking sector assets growing steadily: regulator

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. BEIJING - China's banks have seen steady asset expansion since the start of the year, an official with the country's financial regulator said on Wednesday. The assets of financial institutions in China's banking sector grew 7 percent year-on-year to 423.8 trillion yuan at the end …

German firms vow to invest more in China
4 months, 1 week ago

German firms vow to invest more in China

China Daily  

A view of the booth of Bosch during an expo in Shenzhen, Guangdong province. CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Xu Daquan, president of Bosch Investment Ltd, a country branch of German industrial conglomerate Bosch …

German firms vow to invest more in China
4 months, 1 week ago

German firms vow to invest more in China

China Daily  

A view of the booth of Bosch during an expo in Shenzhen, Guangdong province. CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Xu Daquan, president of Bosch Investment Ltd, a country branch of German industrial conglomerate Bosch …

German firms keen to invest more in China
4 months, 1 week ago

German firms keen to invest more in China

China Daily  

Volkswagen showcases its ID series at the Green and Smart Auto Shanghai 2024 in June. PHOTO/CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Sharing similar views, Xu Daquan, president of Bosch Investment Ltd, a country branch of …

German firms keen to invest more in China
4 months, 1 week ago

German firms keen to invest more in China

China Daily  

By ZHONG NAN | China Daily Global | Updated: 2024-08-16 09:58 Volkswagen showcases its ID series at the Green and Smart Auto Shanghai 2024 in June. PHOTO/CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Sharing similar views, …

China's appeal belies business exodus: China Daily editorial
5 months ago

China's appeal belies business exodus: China Daily editorial

China Daily  

Given the rising geopolitical tensions between China and the United States, and the "de-risking" strategy being pushed ahead by some Western countries to reduce dependence on China in terms of technologies and trade, it is not surprising that reports about foreign businesses cutting investment or shifting production out of China should have emerged. Yet it is the foreign business communities …

Nation's opening to further intensify
5 months ago

Nation's opening to further intensify

China Daily  

A foreign tourist takes pictures of a child wearing traditional Chinese apparel in Changsha, Hunan province, on May 14. "We will turn China's vast market into a major opportunity for the world," he said, adding that Beijing will continue to make life more convenient for foreign travelers in terms of accommodation, medical services and payments. Mu Hong, deputy director of …

China's economic vibrancy strengthens the global economy
5 months ago

China's economic vibrancy strengthens the global economy

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. These updates have provided a solid foundation for achieving China's anticipated economic targets within the current year, sending a strong signal for the international community that the stable and the long-term development trajectory of China's economy will not be changed. With the start of this year, …

China's new development means opportunities for world
6 months ago

China's new development means opportunities for world

China Daily  

Tourists visit a cultural block in Xiangyang, central China's Hubei province, June 10, 2024. Recently, the World Bank raised its forecast for China's 2024 economic growth to 4.8 percent, 0.3 percentage points higher from the previous forecast. The International Monetary Fund also revised up China's economic outlook to 5 percent, 0.4 percentage points higher than the previous forecast. In the …

Good start for China's economy is also good for world growth
8 months ago

Good start for China's economy is also good for world growth

China Daily  

A view of Beijing's CBD area. China's GDP grew 5.3 percent year-on-year in the first quarter of this year, up 1.6 percent from the fourth quarter of last year, showing China's economy is on a solid footing for continued recovery, which will further enhance international expectations for China's development prospects. A series of international financial institutions such as the Asian …

China-German business relationship contributes to the world
8 months, 1 week ago

China-German business relationship contributes to the world

China Daily  

The China trip by German Chancellor Olaf Scholz, accompanied by a large group of CEOs of top German business giants, including Siemens, Volkswagen, BMW, Mercedez Benz, Bayer, Merck, etc. According to German official statistics, two-way trade between the two countries reached 253.1 billion euros in 2023, although 15.5 percent down over 2022, still beat the US by a narrow 800 …

German firms vow to scale up investment in China
8 months, 1 week ago

German firms vow to scale up investment in China

China Daily  

A BMW Vision Neue Klasse is displayed next to the company's logo during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, Sept 4, 2023. BMW is confident of China's economic prospects and will scale up its investment in the country, said Oliver Zipse, board chairman of the German …

China-German business relationship contributes to the world
8 months, 1 week ago

China-German business relationship contributes to the world

China Daily  

The China trip by German Chancellor Olaf Scholz, accompanied by a large group of CEOs of top German business giants, including Siemens, Volkswagen, BMW, Mercedez Benz, Bayer, Merck, etc. According to German official statistics, two-way trade between the two countries reached 253.1 billion euros in 2023, although 15.5 percent down over 2022, still beat the US by a narrow 800 …

US’s Yellen warns China it cannot export its way to rapid growth
8 months, 2 weeks ago

US’s Yellen warns China it cannot export its way to rapid growth

Al Jazeera  

US treasury secretary says market-based reforms will aid world’s second largest economy. United States Treasury Secretary Janet Yellen has warned that China is too large to try to export its way to rapid growth and would benefit by reducing excess industrial capacity that is pressuring other economies. The International Monetary Fund currently forecasts China’s 2024 real gross domestic product growth …

Govt policies to aid banking sector, BOC says
8 months, 3 weeks ago

Govt policies to aid banking sector, BOC says

China Daily  

A view of the booth of Bank of China during an expo in Fuzhou, Fujian province. CHEN BIN/FOR CHINA DAILY The central government's supportive policies are expected to gradually improve business sentiment, boosting domestic demand and laying a solid foundation for the steady development of the banking industry, Bank of China said. The bank's operating income reached 624.14 billion yuan …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. Foreign investment in China at a high level With a population of over 1.4 billion and a middle-income group of over 400 million, China is a large market with the most potential in …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. Foreign investment in China at a high level With a population of over 1.4 billion and a middle-income group of over 400 million, China is a large market with the most potential in …

Foreign capital in financial sector in focus
9 months, 2 weeks ago

Foreign capital in financial sector in focus

China Daily  

Yi Gang, deputy director of the Committee on Economic Affairs of the 14th National Committee of the Chinese People's Political Consultative Conference, delivers a speech during the ongoing two sessions on Thursday in Beijing. ZOU HONG/CHINA DAILY Chinese policymakers and political advisers during the ongoing two sessions have stressed the need to attract more foreign investment in the country's financial …

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories
9 months, 2 weeks ago

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories

Associated Press  

BEIJING — China has plenty of room to maneuver to attain its annual target for robust economic growth of about 5% after a strong start for the year, top economic officials said Wednesday, though they acknowledged it’s a challenge. It’s hard to fully meet needs using existing funding channels and there’s an urgent need to increase support,” he said at …

China seen as largest engine for world economic growth
10 months ago

China seen as largest engine for world economic growth

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. China's GDP exceeded 126 trillion yuan in 2023, up 5.2 percent over the previous year, making it the largest engine of global growth. As China's growth is likely to exceed expectations, emerging Asian economies as a whole are projected by the IMF to grow by 5.2 percent …

Foreign firms still keen to ramp up investment
10 months, 3 weeks ago

Foreign firms still keen to ramp up investment

China Daily  

Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Tuesday. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly valuing China's modern industrial infrastructure, innovative ecosystem …

Foreign firms still keen to ramp up investment
10 months, 3 weeks ago

Foreign firms still keen to ramp up investment

China Daily  

Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Tuesday. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly valuing China's modern industrial infrastructure, innovative ecosystem …

Deutsche eyes Chinese biz in Middle East
10 months, 3 weeks ago

Deutsche eyes Chinese biz in Middle East

China Daily  

A Deutsche Bank branch in Wurzburg, Germany, in November. ZHANG XIAOJIE/FOR CHINA DAILY Deutsche Bank is poised to further tap business opportunities arising from growing two-way investment flows between China and the Middle East, two of its top executives said. In the first half, Deutsche Bank believes investors from the Middle East will continue to focus on China's electric vehicle, …

Multinationals upbeat on economic prospects
11 months ago

Multinationals upbeat on economic prospects

China Daily  

The financial district of Pudong New Area. That is still the largest market in the Asia-Pacific region and even with growth of around 5 percent, the growth of China will then be bigger than the whole market of India and Indonesia added together," said Morten Wierod, president of the electrification business area and a member of the group executive committee …

Experts' takes on Chinese economy
1 year, 1 month ago

Experts' takes on Chinese economy

China Daily  

Editor's note: The Chinese economy will maintain its recovery momentum. Other major economies such as Japan and Germany are far behind the US and China, in third and fourth places with GDP of $4.2 trillion and $4.1 trillion, respectively. However, in terms of purchasing power parity, China's GDP adds up to $30.3 trillion, almost 19 percent higher than the comparable …

Experts' takes on Chinese economy
1 year, 1 month ago

Experts' takes on Chinese economy

China Daily  

Editor's note: The Chinese economy will maintain its recovery momentum. Other major economies such as Japan and Germany are far behind the US and China, in third and fourth places with GDP of $4.2 trillion and $4.1 trillion, respectively. However, in terms of purchasing power parity, China's GDP adds up to $30.3 trillion, almost 19 percent higher than the comparable …

German executives say no to 'decoupling'
1 year, 5 months ago

German executives say no to 'decoupling'

China Daily  

A BMW i3 car on display during an auto expo in Shanghai. The Chinese path to modernization will provide broader growth opportunities for German companies and the idea of "de-risking" should not be politicized or ideologized, said China's top commerce official. During his meeting with Karl Haeusgen, president of German Mechanical Engineering Industry Association and Christian Klein, CEO of German …

【双语财讯】多家国际组织和机构调高今年中国经济增长预期
1 year, 6 months ago

【双语财讯】多家国际组织和机构调高今年中国经济增长预期

China Daily  

近期，包括联合国、世界银行、国际货币基金组织等多家国际组织和机构纷纷调高今年中国经济增长预期，有的机构甚至连续多次上调，这充分彰显了国际社会对中国经济发展前景的信心。中国经济将继续发挥引擎作用，为世界经济复苏作出贡献。 A view of Lujiazui area, the financial center in Shanghai. ZHANG HAIBIN/FOR CHINA DAILY The Organization for Economic Co-operation and Development rose the economic growth expectation on China again in a report released on June 7 local time to 5.4 percent this year and 5.1 percent next year, deeming that China's economic recovery fuels the global economy, China News …

Report: German firms to strengthen investments
1 year, 6 months ago

Report: German firms to strengthen investments

China Daily  

China's market remains quite important to most German companies and many are willing to increase investment in the country to remain competitive and leverage their potential, said the German Chamber of Commerce in China. A new report surveying 288 German companies operating in China in May regarding their business sentiments in the post-COVID period found that 55 percent of German …

Report: German firms to strengthen investments
1 year, 6 months ago

Report: German firms to strengthen investments

China Daily  

Cars are seen in production at a BMW Brilliant factory in Shenyang, Liaoning province. YANG QING/XINHUA China's market remains quite important to most German companies and many are willing to increase investment in the country to remain competitive and leverage their potential, said the German Chamber of Commerce in China. A new report surveying 288 German companies operating in China …

Economic rebound prompts investment, new goals for foreign multinationals
1 year, 9 months ago

Economic rebound prompts investment, new goals for foreign multinationals

China Daily  

A Siemens staff member introduces the company's surgical robot to doctors in Qionghai, Hainan province, in 2021. Hou Yang, chairman and CEO of Microsoft Greater China, said multinationals are joining policymakers in hoping that measures announced at the two sessions will effectively reboot China's economic development dynamics, both internal and external. "At the highest level, Microsoft believes that the digital …

Economic rebound prompts investment, new goals for foreign multinationals
1 year, 9 months ago

Economic rebound prompts investment, new goals for foreign multinationals

China Daily  

A hair show is held at the Shanghai Stadium by L'Oreal Paris Pro on March 2. China's steady economic rebound, encouraging signals and efficient policies introduced during the two sessions are boosting confidence among multinational companies operating in the country. Eager to turn those prospects into reality, foreign companies are ramping up investment, expanding their business lines and chalking up …

Economic rebound prompts investment, new goals for foreign multinationals
1 year, 9 months ago

Economic rebound prompts investment, new goals for foreign multinationals

China Daily  

A visitor uses a flight simulator at the Honeywell stand at the fifth China International Import Expo in Shanghai last year. Wu Chaoming, deputy director of the Chasing International Economic Institute, said China's retail sales are likely to grow by between 7 and 11 percent this year, given the optimized COVID-19 containment measures, the rebound in economic activity, the release …

Foreign financial institutions bullish on China's growth
1 year, 9 months ago

Foreign financial institutions bullish on China's growth

China Daily  

With the annual two sessions approaching, markets are watching how China will formulate its key economic policies in the year after the 20th National Congress of the Communist Party of China. For instance, Janice Hu, China CEO at Credit Suisse, expects China's growth to outrun most major economies this year as the Chinese economy accelerates after years of interruption caused …

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