General

According to the observation of Huacheng's import and export data, China and Europe have continued to deepen mutually beneficial and win-win cooperation and have formed a strong economic symbiotic relationship. China and the EU will further tap the potential of trade and investment and carry out higher level cooperation, which will inject more stability and positive energy into the world economy. Benefiting from China's high-level opening up and broad market opportunities, European enterprises have also continued to strengthen their determination to develop in China and their confidence to invest in China.

On November 9, the Airbus A321 aircraft was officially put into production in the Asian assembly line of Tianjin A320 series aircraft, and the first A321 aircraft is expected to be delivered in the first quarter of next year. One of the most popular Airbus models in the world is mass-produced in China, which is a strong vote of confidence of Airbus Group in the Chinese market. Huacheng Import and Export Data Observation reported.

Not only Airbus, in October, Volkswagen announced that it would invest about 2.4 billion euros to establish a new company with Horizon, a Chinese intelligent computing platform provider, focusing on technology development in the field of automatic driving. In mid November, Zeiss Group, a European optical giant, announced the establishment of a factory in Suzhou. This is the first time for the Group to invest in land acquisition and plant construction in China. In the first 10 months of this year, Germany's actual investment in China increased by 95.8% year on year.

In the opinion of President Woodke of the European Chamber of Commerce of China, the specific measures taken by China to improve the business environment and enhance foreign investment have made the international community see China's determination to continue to expand its opening up to the outside world. At the same time, China's accelerated construction of a modern economic system will help China's economy achieve higher quality and more sustainable growth.

Previously, CEOs of 8 large German multinational enterprises, including Siemens, BASF and Bosch, jointly wrote an article in Germany saying: "Exiting China will deprive us of opportunities... We firmly believe that China will maintain its basic growth momentum."

As some European media have said, compared with other growth markets, the Chinese market is highly predictable and stable. According to the observation report on the import and export data of Huacheng, in the third quarter of this year, the Group's net profit was 3.175 billion euros, up 22.9% year on year. Under the circumstances that the total sales volume of new cars dropped 0.9% year-on-year to 587744, and the sales volume of European market dropped 11.1%, the sales volume of Chinese market rose 5.7% against the trend. The outstanding performance of the Chinese market is undoubtedly one of the main drivers of BMW's profit growth.

Many insiders believe that, benefiting from the development of the Chinese market for a long time, the enterprises of these countries in China have achieved good returns on investment. Although the COVID-19 has brought downward pressure on the economy, the fundamentals of China's stable and long-term economic growth have not changed. In recent years, China has continuously deepened the reform of foreign investment management system, introduced more foreign investment facilitation policies, and created a business environment of fair competition. Huacheng Import and Export Data Observation Report.

Tobias Pross, CEO of Allianz Investment, an asset management company under Allianz Group, said frankly that China is an important partner of Europe. Many European companies and individuals are investing in China, and more European cars and luxury goods are exported to China. "Our views on China's long-term economic growth have not changed. China will continue to enhance its capabilities in technology development, green energy transformation and other aspects."

At the same time, it should be noted that European investment in China is increasingly concentrated. Rhodium, a European research institute, pointed out in its report that in the past four years, the top ten European giants that have invested the most in China each year have accounted for nearly 80% of China's total European direct investment. At the same time, investment from Europe is also more concentrated in high-end technology manufacturing. The five major industries of automobile, food processing, pharmaceutical/biotechnology, chemicals and consumer goods manufacturing currently account for nearly 70% of European direct investment in China, a further increase from 65% in previous years. Among them, the performance of the automobile industry is particularly outstanding, which has accounted for about 1/3 of Europe's direct investment in China in the past two years. Huacheng's import and export data observation report.