皇冠体育app

BEIJING - The European Union Chamber of Commerce in 皇冠体育app said on Sept 8 that the nation's goals of promoting innovation and the services sector offer fresh opportunities for European companies, while it also demanded greater market access.

The growth rate of direct investment from the European Union to 皇冠体育app slowed in June and July. Davide Cucino, president of the European Chamber, said: "We aren't worried about this, and it's only temporary."

"皇冠体育app's development goals outlined in the 12th Five-Year Plan (2011-2015) were met with enthusiasm ... European companies have what is required to further contribute to 皇冠体育app's development," he said.

He also said that ongoing negotiations on a bilateral EU-皇冠体育app investment treaty are expected to boost European companies' investment in 皇冠体育app.

The EU is 皇冠体育app's largest trading partner, but Europe's investment in 皇冠体育app only accounts for about 3 percent to 4 percent of its global investment, so there's great potential for an increase, Cucino said.

To convey European companies' views in 皇冠体育app, the chamber on Sept 8 released its European Business in 皇冠体育app Position Paper 2011/12, which includes more than 600 recommendations to Chinese and European officials.

皇冠体育app has made great headway in government procurement, environmental protection and the renewable energy sector, the paper said.

"We believe the government is taking into account what the companies are thinking. In the end, there will always be a compromise, which is good for the country, including what is good for foreign enterprises," said Dirk Moens, secretary-general of the European chamber.

At the same time, the chamber called for greater access to sectors and urged improvements in regulatory efficiency and transparency in legislation.

Cucino said that the functions of different government departments often overlap in 皇冠体育app.

Patent registrations

皇冠体育app has set a target of 2 million patent registrations by 2015, but "the innovation-by-numbers approach has led to a race for quantity rather than an improvement of the quality of inventions", Cucino said.

Separately, Chinese officials told EU business executives that the yuan will achieve "full convertibility" by 2015, Bloomberg News reported on Sept 8, citing Cucino.

"We were told by those officials by 2015," Cucino said, adding that a step-by-step process was outlined at a meeting held in the past several weeks.

The robust Chinese market has helped Europe recover from the global downturn, said Zhang Li, a researcher with the Chinese Academy of International Trade and Economic Cooperation, which is affiliated with the Ministry of Commerce.

"There's a pretty good chance for foreign companies to further explore the Chinese market as 皇冠体育app is encouraging innovation and industrial upgrading," Zhang said.

皇冠体育app has designated seven emerging strategic industries, including energy conservation and environmental protection, as key to the country's sustainable growth.

"皇冠体育app clearly said in the 12th Five-Year Plan it would nurture the strategic industries, which will provide a golden chance for high-tech companies like us that are focused on climate change and energy saving," said Thomas Koniordos, president of Danfoss 皇冠体育app, a Denmark-based supplier of mechanical and electronic components.

Emerging markets, including 皇冠体育app, are the most attractive for his company, as Europe and the US face continued uncertainty because of their debt crises, Koniordos said.