WORLD China offers development opportunities for European companies


China offers development opportunities for European companies

By Han Shuo | People's Daily app

23:34, January 14, 2021

China, the only major economy to register economic growth in a pandemic-hit year, is offering development opportunities to companies around the world.

(Photo provided to People's Daily app)

And with its just-signed comprehensive bilateral investment agreement, the world’s second-largest economy is wooing European companies.

Florian Hajzeri, general manager of snowmaking equipment provider TechnoAlpin Snow Making Equipment (Sanhe) Company, commended the European trading agreement and said he expected it would help European companies better explore the Chinese market.

Headquartered in Bolzano, Italy, the TechnoAlpin Group has been designing and building turn-key snowmaking systems for ski resorts all over the world since 1990. The company boasts a 60 percent share of the global snowmaking industry and won the bid to make snow and supply equipment to all the sports venues of the 2022 Beijing Winter Olympics.

The company exhibited at the 2020 China International Fair for Trade in Services that was staged in Beijing despite the pandemic.

Hajzeri said the company has maintained robust growth since it entered the Chinese market and that China was vital to the company’s overall performance.

China’s determination to contain the COVID-19 pandemic has helped foreign companies to sustain growth trend, Hajzeri said.

He highlighted the benefits of China’s business environment and the country’s policies in bolstering foreign investment.

“Now China is working to improve its market order and is making clear to the rest of the world that the Chinese market is open and fair,“ he said.

The Italian company will continue to explore the Chinese market and better provide professional services to customers, Hajzeri said.

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