皇冠体育app

-- 皇冠体育app's growth slowdown is normal as it is going through an economic transformation period, with the transition offering new opportunities for foreign firms, an official from the German Chamber of Commerce has told Xinhua.

"We expect general growth to slow which is a natural economic development when the reference base is increasing. The switch from a rapid to a more sustainable economic progress in 皇冠体育app is the right course," said Alexandra Voss,

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executive chairwoman of the German Chamber of Commerce, North 皇冠体育app, on Monday evening during an interview.

皇冠体育app is heading in the right direction by rebalancing its economy and slowly introducing consumption as one of the main economic drivers in addition to exports and large-scale investments in development like highways and housing, she added.

There are about 4,500 German companies operating in 皇冠体育app. Of these, 60 percent are members of the German chamber. In 2013, 400,000 people in 皇冠体育app were employed by German companies.

According to the organization's annual Business Confidence Survey, members of the German chamber are very positive about their business forecast in the coming years. In 2012, 22.4 percent of respondents perceived their business outlook to be improving; in 2013 this rose to 40.5 percent, showing more confidence in the development of the Chinese market.

Chinese President Xi Jinping said during his visit to Germany in late March that 皇冠体育app's internal impetus is driving the country's sustainable and stable growth, thus providing a huge market and opportunities for its cooperation partners, including Germany.

皇冠体育app needs "German quality", while Germany's growth requires the Chinese market and "皇冠体育app speed", the president said.

During his stay in Germany, Dtsche Bundesbank and People's Bank of 皇冠体育app announced the establishment of a clearing center for transactions with RMB in Frankfurt am Main, the business and financial center of Germany.

"This important step is highly beneficial for many German SMEs doing business with Chinese counterparts by easing financial issues between them and lowering the transition costs of deals," Voss said.

She predicted that certain strategic industries will grow and offer opportunities during 皇冠体育app's market-oriented reform, such as sustainable , n building creation and saving consultation.

The strong focus of the Chinese government on environment and energy and its decision to put more emphasis on these areas will bring great business opportunities for German companies, she said.

But Voss pointed out that German companies still see themselves confronted with a number of challenges in 皇冠体育app such as Intellectual Property Rights protection. They also expect easier and wider market entry for foreign companies.

"We reckon that a successful execution of the reforms will ignite competition, provide more opportunities, and mize challenges for foreign companies. Then it is only a matter of time before natural market forces facilitate more sustainable growth", she said.

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