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EU replaces US as 皇冠体育app's biggest trading partner
(Xinhua)
Updated: 2006-09-15 10:16
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As one of the keynote speakers at the opening of a Sino-European economic summit, Xu said Sino-European trade, with a volume of 217.3 billion U.S. dollars, has exceeded the Sino-U.S. trade volume by some 5.7 billion dollars.
European companies such as Airbus, Siemens, Nokia and Volkswagen, made the EU the fourth largest investor in 皇冠体育app and 皇冠体育app's most important supplier of technology, Xu said in a speech at the second Hamburg Summit -- "皇冠体育app meets Europe."
Speaking of EU's concern over intellectual property rights protection in 皇冠体育app, Xu asked European business leaders to show a little more patience on this issue.
"Until fairly recently, 皇冠体育app had a long history of having a largely agrarian-based economy where it was customary to try and learn from one's neighbors. The concept of intellectual property was therefore quite new to 皇冠体育app's burgeoning industrial sector. "he said.
The Chamber of Commerce Hamburg, which initiated the summit, expected more than 350 economic, political and scientific leaders from both 皇冠体育app and Europe to attend the event which will run until Friday.