China News Agency, Beijing, January 25 (Reporter Pang Wuji) In an exclusive interview with China News Agency "China Focus", Joerg Wuttke, chairman of the European Union Chamber of Commerce in China, said that China's economic growth will continue to account for global growth in the next 10 years 30% of it.

This is equivalent to the total output of OECD (Organization for Economic Cooperation and Development) member countries.

Joerg Wuttke, chairman of the European Chamber of Commerce in China, accepts an exclusive interview with China News Service on "Focus on China".

Photo by China News Agency reporter Han Haidan

  Woodk pointed out that in terms of per capita GDP, China's economic growth trajectory is actually similar to that of Japan and South Korea.

China is actually in its infancy, because the reform and opening up is only more than 40 years old, and there is still a long way to go.

In addition to contributing 30% of global economic growth, in certain areas, China's growth accounts for a higher proportion of the world.

Woodk pointed out that in the field of chemicals he is engaged in, China accounts for 60% of the world.

  For global enterprises, this means huge development opportunities.

Woodk quoted an American saying: "If you are not at the table, you will be on the menu."

Therefore, European companies must be here and in China to participate.

"That's why we really need China to continue to open up and remain open so that Europe can participate in China's development opportunities and become China's equal partners."

Joerg Wuttke, chairman of the European Chamber of Commerce in China, accepts an exclusive interview with China News Service on "Focus on China".

Photo by China News Agency reporter Han Haidan

  What is the attitude of European companies towards continued investment in China?

Woodk pointed out that the European Union Chamber of Commerce in China has more than 1,700 members, covering 9 cities in China.

Ten years ago, the European Chamber of Commerce conducted a survey and asked whether member companies are considering leaving China?

At the time, 20% of respondents had this idea.

The European Chamber of Commerce asked this question again in February 2020, when the epidemic situation in China was relatively severe. This time only 10% of the respondents considered leaving.

  Woodk believes that in the next few years, European companies will continue to cultivate the Chinese market, and this will not change.

He pointed out that China's manufacturing industry has always been strong, including industries such as automobiles, chemicals, machinery, and construction.

However, China is a bit behind in the service industry.

It is hoped that the China-EU Investment Agreement will open more markets for investment in China's insurance, local transportation, construction, medical and banking industries.

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