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China, Germany vow to boost mutual investment

(Xinhua)

08:32, August 31, 2012

BEIJING, Aug. 30 (Xinhua) -- China and Germany on Thursday signed a joint statement to further boost mutual investment between the two countries, according to China's Ministry of Commerce (MOC).

The joint statement, inked between the MOC and Germany's Ministry of Economy and Technology, was signed during German Chancellor Angela Merkel's two-day official visit to China. She arrived in Beijing on Thursday morning.

The MOC will support the establishment of a cooperation base for Chinese and German enterprises in the country's northeastern city of Shenyang and work with its German counterpart for an investment cooperation forum under the framework of the China-Germany joint committee on economic and trade cooperation, said the ministry.

The MOC will also push for an investment promotion organization in Germany and support establishing a chamber of commerce for Chinese enterprises in Germany.

Both sides promised to offer continued political support for the Sino-German Ecopark in Qingdao, according to the statement.

In a separate joint statement signed Thursday, China and Germany agreed to establish an advisory committee on the Sino-German economy, which will focus on topics such as market access for trade of goods and services, investment facilitation, promotion of the Sino-German partnership on scientific and technical cooperation and intellectual property rights protection.

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