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Chinese, German Companies Sign 96 New Technology Contracts
   2016-06-14 19:10:39    CRIENGLISH.com      Web Editor: Zhang Guanghao

Chinese President Xi Jinping (R) meets with German Chancellor Angela Merkel in Beijing, capital of China, June 13, 2016. [Photo: Xinhua/Pang Xinglei]

A total of 96 new contracts worth a combined 15-billion US dollars have been signed between Chinese and German companies at this year's China-Germany Forum for Economic and Technological Cooperation in Beijing.

Among the contracts, the China Three Gorges Corporation has agreed to purchase a German offshore wind park for a reported 1.8-billion US dollars.

Airbus Helicopters has also announced plans to build an assembly line in China, while Daimler and its Chinese partner have committed to expanding engine production.

Christoph Meinel with the Hasso Plattner Institute says Germany's "Industry 4.0" strategy will provide a lot of opportunities for Chinese companies.

"We are working in new technologies, smart and intelligent objects. We have made cooperation project with partner in China to commonly develop new technology."

This year's economic forum is part of a series of meetings German and Chinese officials have been taking part in this week.

Chancellor Angela Merkel has led a delegation of dozens of high-level officials to China to address issues surrounding trade and technology.

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