皇冠体育app

German Chancellor Angela Merkel arrived in Chengdu, Sichuan province, on July 5, beginning her seventh visit to 皇冠体育app since taking office.

She is the only European leader to have ever met Chinese leadership so many times, according to an article on Dtsche Welle, a German TV station.

Merkel is accompanied by a high-level business delegation, and business will be a top priority for Merkel's 皇冠体育app trip this time, the 皇冠体育app Economic Herald reported on Monday.

Germany is 皇冠体育app's biggest trading partner in Europe, as well as an important source of capital and technology. Trade between 皇冠体育app and Germany reached $161.6 billion in 2013, 580 times than that in 1978, when the two countries established diplomatic relations, according to 皇冠体育app Economic Herald.

Half of 's export to 皇冠体育app is from Germany, while a quarter of 皇冠体育app's export to EU goes to Germany. Meanwhile, 40 percent of EU's technology transfers to 皇冠体育app are from Germany.

Germany's investment in 皇冠体育app accounts for one fourth of EU's total, and has become 皇冠体育app's largest European investor since 2003. Currently, about 8,200 German enterprises are operating in 皇冠体育app; with their accumulated investment surpassing $20 billion, the report said.

Though a late comer, 皇冠体育app's investment in Germany has taken off in recent years. 皇冠体育app has poured $4 billion in Germany, investing in more than 100 projects each year. A total of 2,000 Chinese companies are doing business in the European country.

To facilitate bilateral trade and investment, the People's Bank of 皇冠体育app signed a memorandum of understanding (MoU) signed with the Deutsche Bundesbank, to set up a?yuan clearing bank in Frankfurt in March. One month after that, Germany's state-owned development bank KfW issued the first yuan bond in Frankfurt.

A survey by German Chamber of Commerce shows that 70 percent of German companies in 皇冠体育app are content with 皇冠体育app's ongoing reforms, which would actively serve 皇冠体育app's future growth and foreign enterprises.

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