"Hamburg Summit" Strengthens Sino-European Dialogue

By Hamburg Chamber Of Commerce, PRNE
Wednesday, November 24, 2010

Business Conference on China Opens With Prominent Speakers

HAMBURG, November 25, 2010 - High-ranking speakers and more than 400 participants attended
the grand opening of Europe's biggest Sino-European business conference
"Hamburg Summit: China meets Europe" today at the Hamburg Chamber of
Commerce. In the face of differences between China and Europe regarding
issues such as currency rates and market-entry barriers, the President of the
Chamber of Commerce Frank Horch said: "Dialogue and cooperation, not conflict
und argument, should become the keywords of Sino-European trade relations."
The conference would be providing the platform for that.

Regarding China's future monetary policy, the Assistant
Governor of the People's Bank of China, Li Dongrong, said in his speech:
"First, the PBC will continue to strengthen liquidity management, guide money
and credit to grow at a proper pace and further promote economic
restructuring and growth pattern through its credit guidance policy. Second,
the PBC will steadily advance the market-based interest rate reform and
further improve the RMB exchange rate regime. Third, the PBC will explore to
establish and develop a macro-prudential policy framework. Fourth, the PBC
will promote development of financial markets." Chinese central bank's
Assistant Governor stressed that PBC would give full play to market-oriented
measures and focus on economic institutional reforms in China.

Capt. Wei Jiafu, President of the China Association of Trade
in Services (CATIS) and President and CEO of COSCO Group, spoke against trade
barriers in service-trade: "We call on China and EU authorities, under the
principle of equality and mutual benefit, further mutually open up the
services market, improve investment environment of service trade, effectively
promote trade liberalization and facilitation, and undertake not to adopt
trade protectionist measures, together create a new situation of Sino-EU
service trade cooperation and development."

Zhang Jianwei, President of Sinotrans shipping company, was
visibly pleased with the conference: "Hamburg Summit provides a valuable
platform for the in-depth communications between trading partners in China
and Europe, which might be helpful of building better understandings and
mutual trust between China and Europe and working together to tackle
challenges in the post-crisis period."

Further information at www.hamburg-summit.com, Co-Host: China
Federation of Industrial Economics CFIE; Summit Partner: AHK Greater China,
China Association of Trade in Services, European Union Chamber of Commerce in
China, Eurochambres, OAV - German Asia-Pacific Business Association; Sponsors
(selection): Montblanc, Audi AG, Commerzbank AG, COSCO Europe GmbH, Deutsche
Bank AG, Huawei, LANXESS AG, Rickmers Group, Siemens AG.

    Press Contact:

    Hamburg Chamber of Commerce
    Dr. Jörn Arfs
    Director Public Relations
    Phone: +49(0)40-36138-301
    E-Mail: joern.arfs@hk24.de
    Internet: www.hk24.de

Press Contact: Hamburg Chamber of Commerce, Dr. Jörn Arfs, Director Public Relations, Phone: +49(0)40-36138-301, E-Mail: joern.arfs at hk24.de

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