久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

US EUROPE AFRICA ASIA 中文
China / Business

Brighter Sino-German ties could stabilize global economy

By HU KUN (China Daily) Updated: 2020-01-20 00:00

Since 2015, the China-Germany High Level Financial Dialogue has become a key platform for bilateral communication and policy coordination on strategic, overarching, and long-term issues in the fiscal and financial fields.

Chinese Vice-Premier Liu He and German Vice-Chancellor and Minister of Finance Olaf Scholz successfully co-chaired the second dialogue in Beijing on Jan 18, 2019.

They had in-depth exchanges on promoting cooperation and coordination in the areas of macroeconomic landscape, global economic governance, financial industry and its regulation, as well as monetary and fiscal policy.

The dialogue sent a most positive message of China and Germany committed to jointly safeguard multilateralism and economic globalization.

Over the past year, steady progress was made by both China and Germany to consolidate outcomes of the dialogue, contributing to the development of bilateral economic relationship and global economic governance. With financial cooperation being the key among all outcomes from the dialogue, China is further opening up its financial sector, encouraging German-funded financial institutions to conduct business in China with multiple measures introduced.

To list a few: the China Banking and Insurance Regulatory Commission signed a letter of intent during the dialogue to strengthen banking regulatory cooperation with Germany; after the dialogue, the China Securities Regulatory Commission also signed a memorandum on derivatives regulatory cooperation and information exchange with the German Federal Financial Supervisory Authority, to strengthen financial regulation and market cooperation.

New policies issued in July 2019 allowed qualified foreign institutions to obtain "Class A" panda bond lead underwriting license, which has a wider business scope compared with the "Class B" license. Last September, Deutsche Bank received the "Class A" lead underwriting license in China's inter-bank bond market under the new policy.

Germany also attaches great importance to the connectivity of the capital markets between the two countries, providing more investment and financing opportunities for German institutions and individuals, promoting the transformation of the German financial system and the construction of the European capital market alliance.

The China Europe International Exchange and Eurorex have set up a joint working group to support the launch of China A-share index derivatives in Frankfurt.

The two countries are preparing for a potential Shanghai-Germany Stock Connect program, which aims to strengthen the interconnection of the Chinese and German stock markets, and promote the German "blue chip" listed companies to issue Chinese depository receipts on the Shanghai Stock Exchange. It will also support qualified Chinese listed companies, especially the manufacturing companies, to issue global depository receipts in the Frankfurt stock market.

China-Germany cooperation in cross-border renminbi business has made extraordinary progress. In the past year, three German institutions including Deutsche Asset Management, have been approved as RMB-qualified foreign institutional or RQFII investors, which accumulated an overall quota of 10.54 billion yuan ($1.51 billion).

The internationalization of RMB will allow China to expand its macroeconomic policy space, improve its ability to participate in global financial governance, and help build a more competitive and sustainable international monetary system.

The successful experience of Germany's economic and social reconstruction after the World War II could be utilized by China as an important inspiration in terms of deepening reform, promoting the modernization of national governance system and governance capacity. Germany, which has close ties with China in economy and trade, will further enjoy the development dividend of China's reform and opening-up.

With the bilateral dialogue, the two sides are further deepening cooperation in areas including structural reform centered around sound and transparent public finance. Stable macroeconomic policies, housing policies, innovative financing mechanisms for small and medium-sized enterprises, fintech, tax reform, anti-money laundering and anti-terrorism financing, green finance, and sustainable finance... all these fields are tipped to benefit.

China and Germany, as countries with significant influence, both bear compelling obligations on world economic development and financial governance. The two countries shall promote China-EU interconnection platform, by linking the Belt and Road Initiative with the EU-Asia Connectivity Strategy and the European Infrastructure Plans. In 2019, the major financial institutions from China and Germany maintained close communication on the BRI and the third-market cooperation, contributing to the development of both economies, as well as the third-party countries participating in the BRI.

Both China and Germany are major trading nations. For years, China has been the largest trading partner of Germany, and Germany has been China's biggest trade destination among EU countries. Germany is also the EU country with the largest investment in China.

In recent years, Chinese enterprises have largely increased the amount as well as the efficiency of their investment in Germany, showing that trade and investment between the two countries are complementary and mutually beneficial.

From January to September last year, bilateral trade reached $138.43 billion. China's investment in Germany rose by $1.25 billion, up nearly 23 percent year-on-year. Germany's investment in China also rose by $1.38 billion.

Both sides recognized that a non-discriminatory, open market access and a stable institutional framework are prerequisites to boosting bilateral trade. Both countries are expected to lower existing barriers to market access and investment, improve business environment for foreign enterprises, and further strengthen bilateral economic and financial ties.

We need to recognize that global uncertainties continue to exist. Economic nationalism is on the rise. But, as the major economies of Asia and Europe, China and Germany could help improve matters.

Bilateral communication and cooperation under the high level financial dialogue mechanism will not only reinforce and deepen economic and financial ties between the two economies and bring sustainable economic and social development to the two countries, but also impart tremendous momentum to the development of international monetary system, and global economic and financial governance, boost global development and help avoid imbalances in development during the process.

In this regard, the steady advancing cooperation between China and Germany makes a perfect model of mutually beneficial cooperation, and most certainly will play an increasingly important role in global economy with an unlimited future ahead.

Hu Kun is the deputy director of the Economic Research Office at the Institute of European Studies. The IES is part of the Chinese Academy of Social Sciences. He is also the secretary general and deputy researcher at the China-Germany Cooperation Center.

Highlights
Hot Topics

...
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    亚洲午夜激情网站| 午夜精品久久久久久久久| 9久草视频在线视频精品| 国产精品久久久久一区二区三区 | 在线免费av一区| 亚洲国产精品精华液网站| 欧美一区二区三区免费| 国产一区二区精品久久99| 日本一区二区视频在线观看| 91免费观看在线| 婷婷国产在线综合| 精品久久久久久久久久久久包黑料 | 欧洲av在线精品| 日韩国产高清影视| 久久久久国产成人精品亚洲午夜| 国产成人免费视频一区| 亚洲黄色性网站| 日韩一区二区免费视频| 国产成人一级电影| 亚洲三级电影网站| 3d动漫精品啪啪1区2区免费| 国产成人精品免费视频网站| 亚洲一区二区三区四区在线免费观看| 欧美一区二区三区不卡| 成人aaaa免费全部观看| 午夜视频一区二区三区| 久久精品网站免费观看| 欧美探花视频资源| 国产精品66部| 亚洲1区2区3区4区| 国产欧美日韩精品a在线观看| 在线亚洲欧美专区二区| 国产美女久久久久| 亚洲一区二区在线免费看| 久久色在线视频| 欧美制服丝袜第一页| 国产风韵犹存在线视精品| 亚洲成人动漫一区| 中文字幕av一区二区三区| 欧美二区在线观看| 成人av免费在线观看| 麻豆中文一区二区| 亚洲精品欧美专区| 337p日本欧洲亚洲大胆精品| 欧美专区在线观看一区| 国产成人h网站| 日韩不卡在线观看日韩不卡视频| 中文字幕一区二区5566日韩| 日韩午夜小视频| 在线中文字幕一区二区| 国产高清久久久| 免费在线观看一区二区三区| 亚洲免费观看高清完整版在线观看熊 | 国产精品久久久久久久久久免费看 | 波多野结衣视频一区| 视频一区二区三区入口| 国产精品毛片大码女人| 欧美一级日韩免费不卡| 在线一区二区三区| 粗大黑人巨茎大战欧美成人| 蜜桃视频免费观看一区| 一区二区三区不卡在线观看| 欧美激情一区不卡| 欧美成人性战久久| 欧美人xxxx| 日本高清不卡在线观看| 成人免费精品视频| 国产九色sp调教91| 美国十次综合导航| 日韩专区在线视频| 亚洲自拍偷拍综合| 亚洲少妇中出一区| 欧美国产精品一区二区三区| 欧美精品一区二区三区蜜桃视频 | 久久电影国产免费久久电影| 亚洲v日本v欧美v久久精品| 国产精品美女久久久久久久| 久久精品亚洲麻豆av一区二区| 欧美刺激午夜性久久久久久久| 在线播放视频一区| 欧美三级电影在线观看| 日本精品视频一区二区三区| caoporn国产精品| 丰满白嫩尤物一区二区| 国产精品1区2区3区在线观看| 精品中文字幕一区二区小辣椒 | 色综合久久综合网| 北条麻妃国产九九精品视频| 国产91精品精华液一区二区三区| 国产呦萝稀缺另类资源| 久草在线在线精品观看| 欧美a一区二区| 日韩**一区毛片| 日韩av成人高清| 麻豆视频一区二区| 麻豆精品在线观看| 久久99久久99| 精品一区二区在线观看| 精品一区二区三区久久| 久久99热这里只有精品| 精品一区二区三区免费观看| 久久成人免费电影| a美女胸又www黄视频久久| www.成人网.com| 白白色亚洲国产精品| 91啪九色porn原创视频在线观看| 成人av网站在线| 91在线视频播放| 在线观看三级视频欧美| 欧美日韩在线电影| 欧美精品亚洲二区| 91精品国产入口在线| 欧美一二三四在线| 精品国产污网站| 久久精品视频一区二区| 中文字幕欧美日本乱码一线二线| 国产精品久久久久一区二区三区共| 中文字幕综合网| 亚洲综合激情小说| 日韩精品电影一区亚洲| 六月丁香婷婷色狠狠久久| 国产一区三区三区| 国产91精品久久久久久久网曝门| k8久久久一区二区三区 | 亚洲成a人片综合在线| 日韩精品午夜视频| 激情久久五月天| 粉嫩aⅴ一区二区三区四区| 色诱视频网站一区| 欧美日韩久久久| 日韩精品一区国产麻豆| 国产亚洲精久久久久久| 亚洲视频资源在线| 五月激情六月综合| 久久精品国产77777蜜臀| 国产大片一区二区| 色先锋久久av资源部| 在线综合亚洲欧美在线视频| 欧美精品一区二区三区在线播放| 国产精品美女久久久久久久久久久| 亚洲综合色区另类av| 蜜桃一区二区三区四区| 成人国产免费视频| 欧美视频你懂的| 2023国产一二三区日本精品2022| 国产精品久久久久久久久久久免费看| 亚洲国产日日夜夜| 韩国理伦片一区二区三区在线播放| 成人爽a毛片一区二区免费| 欧美亚洲国产bt| 久久免费国产精品 | 亚洲精品va在线观看| 美腿丝袜亚洲一区| 成人黄页在线观看| 欧美日韩国产精品自在自线| 久久久99久久精品欧美| 一区二区高清免费观看影视大全| 蜜芽一区二区三区| 99re热视频精品| 欧美大片一区二区三区| 亚洲欧美日韩在线播放| 毛片不卡一区二区| 色婷婷av一区| 精品国产亚洲在线| 亚洲国产精品天堂| 国产91精品一区二区麻豆网站| 欧美喷潮久久久xxxxx| 国产精品你懂的在线欣赏| 视频一区视频二区在线观看| 国产精品996| 欧美一区二区性放荡片| 亚洲欧洲一区二区三区| 美女一区二区视频| 日本高清无吗v一区| 国产欧美一区二区精品婷婷| 亚洲电影在线免费观看| 成人一区二区视频| 日韩网站在线看片你懂的| 亚洲精品日产精品乱码不卡| 国产精品自拍在线| 这里只有精品视频在线观看| 《视频一区视频二区| 国产一区二区三区蝌蚪| 欧美日韩国产首页| 亚洲欧洲日韩一区二区三区| 国内精品伊人久久久久av一坑| 欧美色精品天天在线观看视频| 中文一区一区三区高中清不卡| 麻豆国产精品777777在线| 欧美在线小视频| 中文字幕在线视频一区| 黄色日韩网站视频| 7777精品伊人久久久大香线蕉超级流畅 | 亚洲综合网站在线观看| 成人成人成人在线视频| 精品理论电影在线观看| 五月婷婷激情综合网| 色欧美乱欧美15图片| 国产精品人人做人人爽人人添| 精品一区二区三区在线播放视频 |