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China Expects Investment Boom from EU Firms
China is expecting to see booming investment from enterprises in European Union (EU) countries, the medium- and small-sized but high-tech ventures in particular.
The prediction is evidenced from a recent special forum held by the Chinese government focusing on closer cooperation between Chinese and EU small enterprises, at which a list of 300 projects have been announced calling for joint development with the EU firms.
The second largest economic power in the world as it is, EU accounts for only 6 percent in the total foreign investment in China. Economists said that Sino-EU cooperation in business should prioritize medium-and small-sized firms since such firms comprise a dominant part in both EU and China economies.
Medium- and small-sized firms account for 99.2 percent in EU countries, and the proportion of such firms in China stands at 99 percent. "Small enterprises could become the most vigorous force in tightening Sino-Eu business cooperation in the future given the huge potential such EU firms have in exploring the Chinese market, " an economist attending the forum said, adding that the impending entry of China into the World Trade Organization (WTO) could also serve as a boost to closer Sino-EU cooperation.
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