In his speech, Fritz Horst Melsheimer, president of the Hamburg Chamber of Commerce, called for an investment treaty between the EU and China as soon as possible within the next year in order to put bilateral economic relations swiftly onto a more solid legal basis.
"China has to master a tremendous economic transformation to make this growth more sustainable," he said, "at the same time, economic stagnation in many European countries and Britain's vote for Brexit both shake and shape our bilateral economic relations."
Exchange and open discussions were therefore particularly important, he added.
Despite sluggish global economic recovery and deep adjustment, China-EU economic and trade relations have deepened through concerted efforts by both sides, said Li Yizhong, chairman of China Federation of Industrial Economics in his opening speech.
Li said, as the two pillars of the global economy, China-EU cooperation has a solid foundation and great potential to bring out the best in each other.
Against the backdrop of global trade downturn, Europe sees service trade as an important driving force to economic growth in the post-crisis era, said Zhao Zhongyi, executive vice president of China Association of Trade in Services (CATIS), adding that as the most important trade partner to each other, China and Europe have great cooperation potential in service trade.
The summit, which is scheduled for Nov. 23 and 24 this year, will deliver discussions, keynote speeches and panel meetings focusing on various topics, such as the fallout from Brexit, China's economic transition, the Belt and Road Initiative, and boosting efficiency in industrial manufacturing.
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