BUSINESS Businesses laud China-Europe cooperation, voice hope for closer ties

BUSINESS

Businesses laud China-Europe cooperation, voice hope for closer ties

Xinhua

08:35, February 12, 2021

Caption Photo taken on Nov 7, 2020 shows the exhibition booth of Great Britain at the Food and Agricultural Products exhibition area during the third China International Import Expo (CIIE) in Shanghai. (Photos: Xinhua)

China's foreign trade and investment is expecting a "big expansion" in the years ahead, said Chairman of Britain's 48 Group Club Stephen Perry. "It will require new strategies for European companies."

As China has become the first major economy to return to growth amid the COVID-19 pandemic, it has boosted the sluggish global market. According to a recent report from the French Federation for Beauty Companies, China is becoming the leading market for French cosmetics.

"We hope to join hands with more Chinese and European partners to drive more consumers to embrace 'good consumption' through more innovative products, brands, services and models," said L'Oreal CEO Jean-Paul Agon.

The 500th A320 aircraft assembled at the Airbus Final Assembly Line Asia (FALA) is pictured in Tianjin, Oct 29, 2020.

BEIJING — As China and Europe have pushed forward cooperation in a world faced with mounting challenges, businesses across Europe have applauded the amity and expressed hope for stronger ties.

"Airbus values its strong partnership with China and is willing to support the modernization of China's industry by further strengthening cooperation with China's supply chain and business partners," the aerospace giant's CEO Guillaume Faury told Xinhua.

In 2020, the European plane-maker delivered 99 commercial aircraft to China, representing 17.5 percent of its annual global deliveries. In the fourth quarter, notably, the China proportion accounts for 25 percent of the company's global deliveries.

Faury said Airbus is convinced that the conclusion of negotiations of an investment agreement between China and the European Union (EU), and the strong momentum of China's economy will lay a solid foundation for global recovery and create opportunities for cooperation.

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