Xinhua News Agency, Frankfurt, November 22. Exclusive interview: German companies are optimistic about the potential and vitality of the Chinese market——Interview with Welsh Group's Chinese executive Vmark
Xinhua News Agency reporter Shan Weiyi
"The potential and dynamism of the Chinese market attracts German companies to take root and develop. There is no comparison in other global markets. German investment in China is steadily increasing." Mark Weiser, commercial general manager of the Chinese branch of the German steel company Wells Group (Chinese name Wei Mark) said in a written interview with a reporter from Xinhua News Agency a few days ago.
Weimark said that China's business environment is good, and China's manufacturing industry is turning to high-quality development. The new development pattern with the domestic cycle as the main body and the domestic and international dual cycles promoting each other allows him to see the huge potential of the Chinese market and looks forward to seizing the market Development brings new opportunities to enterprises.
"From the experience of the Wells Group, German companies have smooth investment channels in China, and their business operations and development enjoy the same treatment as local companies, and they are not at a disadvantage in all aspects." Wymark said.
Founded in 1829, Wells Group is deeply rooted in China as a high-tech enterprise in the German steel field. In 2007, it established a service center in China. In 2014, it established the first German cold-rolled steel plant in China.
Wymark said that despite facing challenges such as the global new crown epidemic and supply chain disruptions, Wells Group will invest in the purchase of a cold rolling production line in Jiangsu in 2020 to double its production capacity. Today, China is the main production base of the group in the Asian market. 85% of the raw materials used in the production of Chinese factories come from the local area, and more than 60% of the products are sold to Chinese customers.
He said that the global steel industry is facing the challenge of decarbonization, which is also an opportunity for German steel companies and China to strengthen cooperation in the field of sustainable development. Wells will work closely with Chinese partners and maintain communication to jointly improve the carbon footprint accounting and standard system.
Wimark said that he expects China and Germany to continue to deepen exchanges and cooperation and lay a solid foundation for the strengthening of cooperation between enterprises of the two countries.
(Editors in charge: Yu Yang, Cui Yue)
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