"Hamburg Summit: China Meets Europe" - Documentation 2006

8/4/2019 "Hamburg Summit: China Meets Europe" - Documentation 2006

1/25

THE HAMBURG SUMMITChina meets Europe

13 to 15 September 2006

Hamburg Chamber of Commerce

www.hamburg-summit.com

DOCUME NTATION 2006


2/25

THE HAMBURG SUMMIT 20062 THE HAMBURG SUMMIT 2006 3

Imprint:

HAMBURG CHAMBEROF COMMERCE

International Department

JensAmann

Adolphsplatz 1 20457Hamburg Germany

Phone:+494036138 -287

Fax:+4940 36138-494

E-Mail:[email protected]

www.hamburg-summit.com

Design:

zwei:cwerbeagentur GmbH, Hamburg

www.zwei-c.com

Photos:R. Magunia, K. Angerer

Chinese Translationand Type Setting:

Dr. Boesken& PartnerGmbH, Hamburg

Circulation:2.500 copies

Platinum Sponsor

Gold Sponsors

Supporters

Partners

Media Partners

Exclusive Sponsor

Initiator & Organiser

Summit Partners

Official Media Partners Supporting Media Partner

Academic Partner

Sponsors

04 Welcome Address byPresident Karl-Joachim Dreyer

06 A Bridge for Knowledge andSkills

08 Let us like to be Neighbours

10 We need Understanding

12 Still more Work to do

14 China the newEconomic Powerhouse

16 EU-China Trade Relations

18 Chinas EnvironmentalSituation

20 Banking and Financein China

22 Getting there:Logistical Challenges

24 Chinas Emerging AutomotiveSector

26 Asia in 2015 Scenarios

28 China`s Need for Energy andNatural Resources

30 Competing Powers in Asia

32 China and Europe in aGlobalised World

34 Chinas Future Rolein Asia

36 Awards

38 Supporting Programme

42 Outlook byConference ChairmanNikolaus W. Sches

44 Views on the Hamburg Summit

45 Quotes

46 Summit Speakers

47 Art of Illumination

Table of Contents


3/25


Welcome Address by President Karl-Joachim Dreyer

Two years ago, we set up the firstHamburg Summit: China meetsEurope hoping that it would become

the premier economic gathering to

strengthen the already prospering

business relations between Europe and

China. Our hopes were no illusions

2006 we have continued this series.

Never before in the history of our Free

and Hanseatic City of Hamburg, we

welcomed so many high ranking

Chinese politicians and businessmen.

This clearly is a sign of trust in our

city as the premier China business

location in Europe. Hamburg is widely

perceived as the most important center

for China-related business all over

Europe. For thousands of companies in

China, our city is the preferred gateway

to the European market. For Hamburg

and its business community the rela-

tionship to China plays a prominent

role: More than two million containers

coming from or going to China - a total

of 20 percent of all containers being

shipped between China and the EU are

handled by our port every year.

Hamburg plays a central role in the

shipping routes between China on theone hand and Northern, Central and

Eastern Europe on the other hand.

It is a stable, long lasting and pro-

ductivecooperation that is beneficial for

all partners: Hamburg, Germany and

Europe profit enormously from Chinas

economic boom. China is no longer only

a sourcing and production place but has

become one of the worlds largest

consumer markets. It has emerged into

one of the global economic players and

is now entering a decisive phase of

economic and political development.

We should therefore put our focus

on the abolishment of trade barriers for

more liberalised markets. In addition to

this, dialogues on strengthening the

legal security must be pushed in order

to create a stable basis for private

investment in China. For the EU, it is

necessary to accept China as an equal

trading partner and to accept fair com-

petition from Chinese companies.Both Europe and China have a lot of

experiences to share. Further steps in

this direction still have to be done.

Feasible and long-lasting solutions can

only be reached by an open dialogue. For

this purpose the Hamburg Summit is

the perfect platform. It was a pleasure as

well as a special responsibility for us to

host this conference again in 2006.


4/25


A Bridge for Knowledge and Skills

The visit of Wen Jiabao, PrimeMinister of the Peoples Republic ofChina, was the highlight at the be-

ginning of the conference. Many par-

ticipants considered his address as

frank and ground-breaking. Wen began

his speech by stating that since its

inception the Summit has played

an important role in enhancingcooperation and friendship between

China and the European Union. And he

continued: Chinas relations with

Europe are the best among relations

with countries, they are stronger than

ever before. If one compares China-EU

relations with a huge ship in the ocean,

the business community would be its

powerful engine.

In his speech Wen wanted to make a

number of points clear to help you

better appreciate developments in

China. He first assured the audience

that China would continue to pursue

the path of peaceful development. In

this process the Chinese government

pursued a strategy of opening up for

mutual benefit that will bring moreopportunities to the world. Wen cited a

number of figures to illustrate the

benefits of this policy. Since its acces-

sion to the World Trade Organisation in

2001, he mentioned, Chinas annual

imports have averaged about 500 bil-

lion US $, creating nearly 10 million

jobs for the exporting countries and

regions. The will to open up and elimi-

nate trade barriers must, however, be in

evidence among all partners, Wen said.

We call on all countries to open

markets, lift restrictions on technology

exports, boost international investment

and establish an international multi-

lateral trading system that is open,

fair, reasonable, transparent and non-

discriminatory.

Naturally, he also commented on the

extremely important energy issue.

China, he said, is a major energyconsumer, but more importantly it is a

major energy producer. Two thirds of its

hydroelectric power potential remain

untapped, and the development of

nuclear, wind and biomass power has

just begun. In 2005 the Chinese

government had framed a clear target:

Our goal is to build a stable, economical

and clean energy supply system.

Wen also dealt with a topic that

dominated many discussions at the

Hamburg Summit: the importance of

protecting intellectual property rights

and IPR holders interests. To us in

China, he explained, protecting IPR is

both an international obligation and a

requirement for promoting Chinas own

development and enhancing its capacity

for independent innovation. He left no

doubt as to what must be done: We

must make sure that steps taken in

China to protect IPR are as hard as

steel.Wen described by way of an anecdote

what is necessary to make relations

successful and profitable for both sides.

Gottfried Wilhelm Leibniz had stated

that a bridge for exchanging knowledge

and skills needed to be built. Today, 300

years later, Wen said, China and

Europe are in need all the more of a

bridge of this kind.


5/25


Let us like to be Neighbours

When I grew up as a little boy inHamburg in the 1920s, Chinawas as far away as the moon tonight,

Helmut Schmidt, recipient of the China-

Europe Friendship Award of the

Hamburg Summit 2004, told the audi-

ence in his speech during the opening

dinner. Since then the number of people

on the planet had more than tripled, but

the Earth and the space on its surface

had not grown. We are getting evercloser to each other, the former

German Chancellor concluded, expres-

sing a personal wish to the Chinese,

European and German guests. Let us

understand that we are neighbours, he

said, and strive for good neighbourly

relations. Because the more closely we

cooperate, the greater is the benefit for

both sides.

For the much-travelled and expe-

rienced politician Helmut Schmidt the

almost unbelievable economic upswing

that the Peoples Republic of China has

achieved since the late 1970s [is] an

outstanding phenomenon that has

rarely occurred elsewhere in the history

of mankind. In his view it is a miracle

that deserves great respect from us

Europeans. Of course, he told the

Chinese guests at the Hamburg Summit,

I am well aware of the hundreds ofsocial problems which the enormous

economicchange and economic growth

have presented to you.

But Schmidt was confident that

Chinese politicians will be able to

solve these problems responsibly. My

confidence is founded in the cautious

prudence of Chinese leaders that I have

observed over the past three decades,

thanks to Deng Xiaopings example. So

he assured the Chinese visitors that the

other world powers have no legitimation

to criticise China.

Hamburgs First Mayor Ole von Beust

endorsed this view in his words of

welcome to the Chinese guests. In all

the years of cooperation, China and

Hamburg have always shared a mutual

respect for each others collective self-

conception and cultural identity. We

meet each other not in a lecturing modebut in dialogue, he said. He went on to

deal briefly with the centuries-old

tradition of relations between the

Hanseatic city and the gigantic Asian

empire. In Hamburg, China has met

Europe not just since Chinas unparalleled

rise to economic power status in the

twenty-first century but for many

generations, Mayor von Beust said.

Relations dated back to the early

eighteenth century when the first ship

laden with tea, porcelain and silk

berthed in the Port of Hamburg.

Germanys Economic Affairs

Minister Michael Glos, representing the

federal government explained that we

are engaged in an increasingly inten-

sive dialogue. China is our most impor-

tant trading partner in the Asia-Pacific

region and, conversely, we are proud to

be Chinas most important partner in

Europe. German firms had much to

offer towards developing China, Glossaid. They did, however, expect fair

framework conditions in the Chinese

market. The process of market opening

in China has not yet been completed,

the minister from Berlin said. Ger-

manys aim was to intensify coopera-

tion. That was why Glos told the

Chinese guests: Let us work jointly to

achieve this goal.


6/25


Xu Kuangdi, Chairman of the ChinaFederation of Industrial Economics(CFIE), crowned his opening address to

the Hamburg Summit with a special

message. The EU, he said, is Chinas

biggest trading partner and Germany is

Chinas largest trading partner in the

EU. At the same time China is the EUs

second biggest trading partner. In 2005

the value of Sino-European trade value

reached nearly US $ 218 billion, excee-

ding for the first time the value of trade

between China and the United States.

And it will soon reach US $ 300 billion.These figures show that economic

cooperation has progressed rapidly

since 1975, when China and the

European Economic Community

established diplomatic relations. Theo

Sommer, editor-at-large of the German

weekly newspaper Die Zeit, first visited

China with Helmut Schmidt in 1975 and

has since been a frequent visitor there.

His question was: How we can pro-

mote further economic relations

between Europe and China? Xus

answer: We need dialogue, we need

understanding on both sides.

To document the growing importance

of relations, Xu arrived with the largest

delegation of Chinese entrepreneurs,

politicians and academics ever to visit

Hamburg. But trade, Xu explained, was

only one aspect. The EU was also, with

companies like Airbus, Siemens, Nokia

or Volkswagen, the fourth biggest in-

vestor in China and its largest supplierof technology. China and Europe are

economically inter-complementary, Xu

said.

More and more Chinese enterprises

would also invest and set up companies

in EU countries. Xu sees three serious

obstacles here: first, the very different

legal systems from one country to the

next that Chinese entrepreneurs failed

to understand, second the high levels of

taxation compared with China, and

finally dealing with powerful trade uni-

ons. In China, workers representatives

and management were friends and not

adversaries, he said.

Protection of intellectual property

rights was an important issue right

from the opening debate. Replying to

Sommers question how China planned

to deal with this issue in the future, Xu

offered an original explanation for the

ongoing difficulties. In traditionally

agricultural China, he said, it had beencustomary to learn from neighbours.

This tradition continued to determine

the behaviour of businessmen. His

fellow-countrymen had yet to learn

that such a thing as intellectual property

existed. We must train entrepreneurs

to abide by international laws, he said.

That is a major task for the Chinese

government.


7/25


Still more Work to do

Before Enrique Barn Crespo,Chairman of the European Parlia-ments International Trade Committee,

outlined his views on relations between

China and the European Union he first

responded to the previous speaker Xu

Kuangdi, to whose remarks on the irrita-

tion that European tradeunions trig-

gered among Chinese investors in Europe

he replied: Trade unions are not theenemies of entrepreneurs, he told his

Chinese counterpart, they are inde-

pendent partners of the management.

The European parliamentarian said he

was delighted Chinese Premier Wen

Jiabao had indicated in his opening

speech to the Hamburg Summit that talks

on implementing all of the World Trade

Organisations rules were to continue.

China had long ceased to be a classic

developing country, he said, partly in view

of its magnificent culture rich in tradition

and partly as a country with enormous

foreign exchange reserves. China, he said,

is the owner of America because it holds

the biggest portfolio of Treasury bonds.

When China joined the WTO in

2001, Barn Crespo explained, all con-

cerned were convinced that it had to beclassified as a non-market economy.

But there has been increasing pressure

from Beijing to receive market econo-

my status without delay. Barn promi-

sed Chinese participants at the Ham-

burg Summit that the European Com-

mission is currently assessing Beijings

progress toward a market economy and

might at the end of this review grant

China market economy status.

He also told his Chinese partners I

cannot honestly say that China has fully

implemented all its WTO obligations.

There is still more work to do. This is of

course one of the Communitys key

priorities in its bilateral trade and

economic relationship with China. As

main issues identified so far by the EU

he listed inadequate enforcement ofintellectual property rights, a definition

of industrial policies that might discri-

minate against foreign companies (in

the automobile sector), barriers to

market access in a number of service

sectors, including construction, ban-

king, telecommunications and express

courier services, and access to raw

materials.


8/25


China the new Economic Powerhouse

Fu Chengyu, CEO of Chinese oil andgas group CNOOC, offered Europeanentrepreneurs clear and concise advice:

Dont give up! Fus company works

extensively with foreign partners, which

is why he is aware of their position. It

is not easy, you may have frustrations,

but if you give up, you have no future in

China. Yet the prospects must surely be

better than anywhere else in the world.

Also Chinese entrepreneurs like

Ronnie C. Chan, Chairman of the HangLung Group, a leading Hong Kong

property developer, viewed their coun-

trys development prospects with great

optimism. He saw China accounting for

half of the worlds manufacturing

capacity in a few years time. That

means half the worlds energy and raw

materials will be consumed in China,

he said. And it also means that every

other ship and plane will travel either to

or from China.

China will not remain the workshop

of the world, Chan explains. It will deve-

lop brands of its own and follow a path

similar to that of Japan. Five years ago

no-one could name a Chinese com-

pany, Chan said. Now there is Lenovo

and others. Lenovo Chairman Yang

Yuanqing: The Chinese want to be

more and more international. But every

company has to find its own way.Along with the economic develop-

ment Chinas already important political

role in the world will become even

stronger. But en route to this successful

future a number of hurdles still remain

to be cleared. CNOOCs CEO Fu men-

tioned the enormous danger that

Chinas seemingly unquenchable hun-

ger for energy represents. And even

after joining the WTO China still needs

to fulfil many preconditions, Europeans

say. But Mario Monti, former EU com-

petition Commissioner, mentioned that

Europe also still has much to do to

improve relations with China. What

China lacks above all in addition to

protection of intellectual property

rights is, he felt, a modern competition

law: China must be very careful in

putting together its own domestic

legislation.Deutsche Bank director Jrgen

Fitschen also awaits an opening of

financial markets. The financial market

today is very heavily regulated, he said.

That is why it is still very expensive to

go to China as a company. You have to

be very careful, otherwise you will

regret it.


9/25


The development of trade is an accu-rate reflection of economic develop-ment in China. The growth rates are

immense, opportunities are enormous,

especially for European companies, and

not just in basic industries such as

energy, automotive or chemicals, but

also in luxury goods. A few years ago

no-one could imagine the Chinese as

customers for luxury goods on a large

scale, said Lutz Bethge, Managing

Director of Montblanc International in

Hamburg, but in the next decade China

will be the No. 2 market in luxury

products, exceeding the United States.Considerable problems exist, of

course, inevitably so. They mainly relate

to products such as textiles, clothing

or shoes. There is a vague feeling

of Chinese invasion in these markets

in Europe. The EU criticises exports of

pirated products and with it the lack of

protection for intellectual property

rights in China. But Diethard Gagel-

mann, Member of the Executive Board

of Otto Group, the worlds largest mail

order company said: We are very

satisfied. China can compete with

other countries even better because of

good products.

So a good work of information

remains to be done in order to clarify

that European firms also have oppor-

tunities in China. How big they are is

something that Cai Weici, Vice Presi-

dent of the China Machinery Industry

Federation, can underscore with ease in

relation to his own industry. It is, he

said, Chinas largest and, most unusu-ally for China, it is an industry with an

import surplus. But he set clear priori-

ties. We need efficiency to protect the

environment and we need to improve

quality. That was why the best oppor-

tunities for foreign providers were in

the high-tech and high-value sectors.

A company that clearly fulfils these

requirements is the European aircraft

manufacturer Airbus. 20% of our enti-

re production goes to China, said

Laurence Barron, President of Airbus

China. At the same time, half of the

Airbus planes flying in the world have

parts from China.

The question for all European part-

ners in trade with China is, however,

whether they can make a profit or trade

is based on the you pay all, we get all

motto that is imputed to the Chinese.

Pricing was a very painful part, but we

are making a profit, said Barron, com-

menting on experience at Airbus, while

Bethges brief comment was: Its OK.Both men realised, of course, that it

is no longer merely a matter of selling

their products to China. Service and

research are two keywords that will be

increasingly important in the future.

People dont buy a brand, they want

service, said Bethge. Barron agreed.

Service, he said, is a very competitive

issue.


10/25


The Rhine, joked Klaus Tpfer, refer-ring to the swim he took in the riveras Germanys federal environment

minister in May 1988, was not dirty

only after I had bathed in it." All rivers

had been so polluted back then that

there was an urgent need for action.

Tpfer, director of the United Nations

Environment Programme (UNEP) until

March 2006, thereby made the point in

his keynote address to the Hamburg

Summit that environmental issues are

by no means shelved only in developing

countries. Yet environmental protection

is an economic necessity, he said .

Looking at China, Tpfer who advises

the Chinese government on environ-

mental issues, said, financial and

human capital are available in sufficient

quantity. If the country is to maintainits growth momentum it must reinvest in

its natural capital. That was where the

crucial bottleneck was to be found.

Twenty of the worlds 30 cities with

the highest levels of atmospheric pollu-

tion were in China. That was why it was

important for the government to invest

in environmental technology. Tpfer

specifically advocated developing

renewable energy resources and

decentralising power production. The

Chinese leaders know that efficiency in

the use of resources must improve.

The panel agreed that the Chinese

government today is more keenly aware

of ecological considerations. German

chocolate manufacturer Alfred Th.

Ritter, recipient of the China-Europe

Sustainability Award of the Hamburg

Summit 2006, even said that the two

best solar systems for the production of

regenerative energy were in China. He

now has solar collectors made in China.

With them we have reduced by a third

the energy costs of our production in

Germany, he said.

Chinese entrepreneur Zhang Yue, re-

cipient of the China-Europe Sustainabi-

lity Award of the Hamburg Summit2004, said that his country had underta-

ken an U-turn in environmental policy.

What had been done in the past six

months was comparable to a revolution.

The ecological problem will be solved,

he ascertained. Zhangs company Broad

Air Conditioning manufactures eco-

friendly air conditioning systems that in

some cases are powerful enough to

supply entire airports. A more critical

note was added by Hamburg based

architect Meinhard von Gerkan, whose

office in China designs cities and has

built, amongst others, the trade fairs and

congress centres in Nanjing and

Shenzhen. There was no logical and

ecological urban planning in China at all,

he said. Cities grew uncontrolled. The

distance between Shanghai and Nanjing

is 200 kilometres, but you cannot say

where one city ends and the other be-

gins, von Gerkan said. In addition, enor-

mous amounts of heating energy were

wasted in housing. Soledad Blanco of the

EU Commissions environmental affairs

department also felt that China had ma-

jor environmental policy deficits. At the

regional level there were no minister to

implement the governments environ-mental programmes. Yet there was so

much to be done. No country in the

world used as much coal as China. Every

14 days a new 1,000-megawatt coal-

fired power station is built, Ms Blanco

said. China was also responsible for 40%

of the worlds carbon dioxide emissions.

The consequences for global warming

are immense, she said.


11/25


The financial sector is the heart of theeconomy, said Jin Yun, Chairman ofthe Shanghai Pudong Development

Bank. Because growth was unlikely to

lose momentum in the years ahead the

sector was sure to play a much larger

role in the future than it does today. Jin

described three conditions that had to

be fulfilled to ensure that it does. We

must open the door, we must broaden

the open areas and, compared with

years ago, our steps must be bigger.

In principle, he said, there can be no

doubt on these points, but we feel that

finance is very sensitive. The opening

of the financial sector must not proceedat a faster pace than the development

of the economy. Otherwise restrictions

would be inevitable, with unforeseeable

consequences for the economy. If you

look at international financial instituti-

ons, Jin said, they took a long time to

develop.

The greatest uncertainty Chinese

banks face continues to be non-per-

forming loans. Rainer Schfer, head of

country risk and emerging market

research at Dresdner Bank, said: The

government has done a lot to re-

capitalise Chinese banks, bring down

the ratio and improve controlling, but

there can be no doubt that a big black

hole still exists. Heinz Dollberg, head of

the Asia Pacific division at Allianz

Versicherungs-AG agreed: The capital

market is the bottleneck. And Ulrich

W. Ellerbeck, Member of the Manage-

ment Board of HSH Nordbank in

Hamburg, also promised that many

years will elapse before we see a really

free market in China.So why is the HSH Bank already

committed in the country if Ellerbeck is

convinced that in view of the size of the

market all foreign banks are just niche

players? We have to follow our

customers and we have to protect

them, he said. Given the size of the

market, he added, being represented in

it would seem to be a must. Investing

in the Chinese market is investing in the

future, Ellerbeck and his colleagues

agreed calling unanimously for further

liberalisation of the market. Compe-

tition is still rudimentary, as Dollberg

made clear by means of a small exam-

ple. In all of China a total of 36 insu-

rance companies are now in business.

And how many compete in the German

market? More than 1.500, Dollberg

said. Jin Yun added: As Chinese banks

we are already feeling the pressure of

competition. We have to learn how to

compete with you, we still have a way

to go before we reach international

standard. To do so, many innovations-remain to be implemented. Manage-

ment skills must be improved, Chinese

banks must learn to handle risks and

they must, above all, look after their

customers much more effectively.

The key of all keys, Jin Yun was

firmly convinced, is to train talents,

and the key to training talents is to

change mentality.


12/25


Wong Wai Shing praised the chan-ces of the logistics industry inChina. The market is there and it is

extremely rosy, he said, but unfor-

tunately roses have thorns. In other

words, the industry still faces great tasks.

Wong is Joint Managing director of HongKong-based logistics company Kerry EAS

and Vice President of the China Interna-

tional Freight Forwarders Association. In

his keynote speech at the Hamburg

Summit Wong said that in 2005 the

Chinese logistics market had done 470

Billion US$ of business and that business

was increasing by 25 % per year. The

potential is enormous, he said.

The other panellists were also positive

about the prospects. Logistics in China

is growing more and more important,

said HSH Nordbank director Peter Rieck.

His bank is the worlds largest ships

financer and also does business in the

aviation and railways sectors.Both Wong and Rieck also stressed

the difficulties of commitment in China,

however. China is so big, so large. No

company can cover the whole country,

Wong said. This would require far too

much of an investment, so cooperation

was a must. What is more, the market

was too fragmented. At the moment

500,000 local companies offer different

kinds of logistics services, Wong said.

Rieck agreed that efficiency suffered as

a consequence. In Europe logisticsaccounts for about 7% of the cost of

typical retail goods, he said. In China it

is more than 15%.

Another important issue was the

inadequate liberalisation of the market.

In China we have offices at 130 loca-

tions and need a total of 900 licenses to

operate them, Wong complained.

While inland transport suffers from

poor roads, overburdened Chinese

railways and poor-quality warehousing,

Chinas seaports are well developed. A

man who benefits from the boom in

container shipping is Guan Tongxian,

president of Shanghai-based Zhenhua

Port Machinery. He stated that he was

expecting container traffic to continue

to increase in China. The quality of pro-

ducts made in China is excellent, and

labour costs are much lower than in,

say, Europe.

Hapag-Lloyd CEO Michael Behrendt

was very satisfied with conditions inChina. We have no logistical problems

whatever there, he said. Since acqui-

ring CP Ships last year the Hamburg-

based company has been one of the

worlds leading container shipping lines.

China is the worlds most important

market, not just for us but for all

of container shipping, he told the

Summit attendees.


13/25


Summing up the outlook forChinas automobile industry, BerndGottschalk, President of the German

Automotive Industry Association (VDA),

stated that today China is one of the

great challenges for the automotive

industry and soon it will be one of the

great challengers. The challenge is a

fast-growing market with production

set to increase from well over five

million vehicles this year to more than

ten million in 2010, according to Zhu

Yanfeng, President of China FAW Group

Corporation and Chairman of the CFIE

Presidium.

You can see with the naked eye how

fast the automobile industry has grown

in China in recent years, said Mei Zhao-rong, Honorary Director of the Institute

of World Development, State Council of

China, and recipient of the China-Europe

Friendship Award of the Hamburg Sum-

mit 2006, You used to see more motor-

cycles than cars on Chinese roads, now it

is the other way round. Gottschalk

agreed, saying that no other market has

experienced such growth in volume and

nowhere else have such large invest-

ments been made in recent years. The

automotive market in China has

changed significantly since China joined

the WTO in 2001, said Winfried Vahland,

President and CEO of Volkswagen Group

China. Vahland, whose company was ac-

tive in China at a very early stage and is

one of the leading manufacturers, noted

that we have to fight for all our custo-

mers. Volkswagen does so mainly by

means of state-of-the-art technology.

Today we have 1,600 R&D people in Chi-

na, and we will be increasing that num-

ber, he explained. VW has decided to of-

fer only the latest technology in China,

partly with a view to reducing the

contribution of traffic toward environ-mental pollution.

Zhu Yanfeng promised that the

automotive sector will play a key role in

the economy. In the next five years

China would develop one or two brands

of its own. It would do so, however, in

accordance with the axiom some

people play tennis, we play ping-pong.

In other words, Chinese firms seek to

conquer the low-price segment, whereas

cooperations or imports will continue to

predominate at the upper end of the

market. This view was shared by Zhang

Guangsheng, Vice Chairman of the

Board of the Shanghai Automotive

Industry Corp. (SAIC). Domestic com-

petition corresponds with international

cooperation because competitiveness is

a difficult process, but the result is

worth it, Zhang said.

In China and everywhere else in the

world, the emergence of strong brands

is a key factor in modern competition

on the automotive market. For this to

happen it is important that automotive

production in China is integrated

seamlessly into the worldwide supplynetworks of manufacturers and sup-

pliers, Gottschalk stated. In this case,

Gottschalk said, he is convinced that

China will achieve its targets.

Everything I read in the five-year plans

I have seen in reality. And whenever

a competitor shows up, take him

seriously. Chinese competition in

Europe will happen.


14/25


Forecasting the future is difficult,all the panel-speakers agreed. ButRichard Hausmann, President of Sie-

mens China, risked three theses, the first

of which most impressively reaffirmed

the Summits basic tenor. Economically,

he said, the twenty-first century might

not be Asian, but Asia would play a si-

gnificant role. We will have to make

room for China and India, he said. And

he left no doubt that it is something

that will not only happen but also need

to happen because otherwise China will

face big social problems.

It will be accompanied by powerful

economic changes in the two up and

coming Asian countries. India and Chi-na, those two mega-countries, will no

longer be the workshop of the world,

they will shift to innovation. That is a

clear goal of the Chinese government,

Hausmann said. Last not least, both

countries would play a more important

role in world affairs. I am more on the

optimistic side, he concluded, that

growth will go on at least until 2015.

Although Professor Eberhard Sand-

schneider of the German Council on Fo-

reign Relations agreed with this scena-

rio he was unable to share the previous

speakers optimism. Yes, he said, the

twenty-first century would be a global

world with a strong Asian pole, and the

basis of power would be innovation and

not the army. But the biggest risk would

be to manage stability in the world, and

therefore I have some doubts about a li-

near development. China was so big

and all options were open. Whatever

you want to see, he said, I will show it

to you. The West had long ceased to

serve as a model. Gone were the days

when the free market economy and de-mocracy had been a blueprint for the

world. In Asia, Sandschneider said,

self-confidence is growing faster than

the economy. Europe was now no mo-

re than a museum. Theo Sommer, edi-

tor-at-large of the German weekly Die

Zeit, underscored this position with a

few sober figures. In 1900 the Europe-

ans were still 20% of the worlds popu-

lation. Today they made up a mere 11%

and in 2015 they would be barely 7%.

We seem to be a vanishing race, Som-

mer said.

Europe already has a problem today,

the speakers agreed. It has no coordina-

ted policy to Asia. China recognises

Europe as an economic power but not

as a political power, Hausmann said.

And Europe has lost its political inno-

cence as well as the US. If we push the-

se countries to human rights we should

protect them at first, Professor Sand-

schneider noticed.

For all the growing self-assurance

there are some Chinese, like Zhang Yue,

Chairman of Broad Air Conditioning,who lament the consequences of gro-

wing prosperity, and not just on ac-

count of the serious ecological and so-

cial problems. People have become very

materialistic, he complained. We are a

country of materialists. People used to

read a book and be happy. Today, under

growing Western influence, he said, we

consume so we are happy.


15/25


S ecure supplies of energy and rawmaterials are of great importancefor China. Energy is the driving force

behind the Chinese economys

enormous dynamism. 40% of the world

increase in oil consumption comes from

China, former Australian Prime Minister

Bob Hawke estimated, and Ernst-Ulrich

von Weizscker, Professor at the

University of California in Santa

Barbara, adds more figures. China, he

said, produces 4% of the worldsdomestic product but consumes 12%

of the energy.

Chinas energy and resource

consumption per unit of GDP is much

higher than that of the rest of the

world, said Xie Qihua, Chairwoman of

Baosteel Group Corporation, the

countrys biggest steelmaker. China,

she warned, faces an increasingly

severe shortage of energy and resour-

ces. To prevent that from happening,

the Chinese government made a signi-

ficant adjustment to the national deve-

lopment strategy. The new eleventh

five-year plan focuses on eco-efficient

economic development and environ-

mental protection. Furthermore, the

plan seeks to improve the utilisation of

natural resources so as to reduce

energy consumption by 20% per unitof GDP by 2010.

But Chinas consumption of energy

and raw materials will increase

nonetheless. Renewable energies such

as wind power will play a part in this

development. Werner Marnette, CEO of

Norddeutsche Affinerie AG, warned the

Chinese not to make the same mistakes

as the Germans: Ensure that there is

competition in the production of ener-

gy. The main goal is coal, Zhao said.

Coal is extremely important in China,

Jean-Christophe Iseux, Special Adviser

to the Peoples Government of China

agreed. Iseux also forecasted that China

will devote substantial political efforts

to secure imports of oil and other sour-

ces of primary energy. Hawke agreed

unreservedly: Chinas diplomats are

heavily into securing foreign energyresources. He also stressed that Irans

importance for China should not be

underestimated. It is very much in the

centre of a conflict between the United

States and China, he said. Hawke the-

refore sees great opportunities for a

convergence of interests between

China and Europe.


16/25


Competing Powers in Asia

The Australian Ambassador to Ger-many, Ian Kemish, tells an anecdoteto describe relations among Asian

countries. Some years ago he attended

a conference of Asian states at which

the former Japanese Prime Minister

Junichiro Koizumi spoke. Koizumi

addressed one head of government

after another directly, describing blunt-

ly the conflicts that Japan had with his

country. Kemish feared that there might

be an uproar. But Koizumi ended hisspeech by saying that Japan enjoyed

very close economic ties with these

countries and that he was therefore

willing to resolve all of the conflicts.

Ampalanavar Selverajah, the

Singaporean Ambassador to Germany,

also emphasised the peacekeeping

effect of economic ties. The more

intense economic growth, the more

everybody has to lose by a conflict, he

said. But where are the problems,

Eberhard Sandschneider, Otto Wolff

Director of the Research Institute at the

German Council on Foreign Relations,

asked. Volker Stanzel, German

Ambassador to China, conceded that

competition in Asia sometimes gives

rise to fears, but Asian countries are

discovering the advantages of coope-

ration. Instead of competing powers in

Asia we will have competing regions likethe United States, the EU and Asia,

Stanzel predicted. But we want an

architecture that is open, said Sel-

verajah, because Asia is still a region of

difference.

China, Japan and India will have a

stake in the region, but there is always

an invisible partner in the room,

Kemish pointed out: the United States,

China and Japan were the leading

powers and no country in the region

wants to be in a position where it has to

choose between them, Selverajah said.

Relations between China and Japan

are the most important for regional

development and security. Chinas rise

has a greater impact on Japan than on

the United States. In 20 years China will

have overtaken Japan in economic

power. For a stable Asia it is important

that both countries come together,Selverajah is convinced. The conclusion

reached by Guo Wei, President of

Digital China Holdings, is wholly con-

sistent with the positive underlying

mood. Chinese growth should bring

benefits to the world, even to Japan,

he said. The largest risk is misunder-

standing.


17/25


China and Europe in a Globalised World

Europe und China are regions with agreat and long history. Germany isan important part of Europe. Bilateral

relations between China and Germany

have developed well and successfully

over the past 35 years, said Helmut

Kohl, outlining his impressions to

Hamburg Summit participants on his

return from a recent journey to China.

The Chinese, the former German

chancellor is firmly convinced, arekeeping a close eye on Europe.

European integration, the success of the

Euro, which is now the worlds second

most important currency, and the size

of the market are all factors, he said,

that China considers to be extraordi-

narily important.

We must preserve for the future the

confidence built in the course of

decades, Kohl said, appealing to politi-

cians and entrepreneurs. Sounding a

warning note, he added we will not

develop good relations on a lasting

basis if we fail to show understanding

for Chinese culture and for special

conditions in China. It was this under-

standing, he said, that he feels Europe

fails to show at times. There was still a

great social divide between the cities on

Chinas eastern seaboard and thecountrys interior, but the Chinese

government had put measures in place

to deal with this problem. If you hold

talks about human rights you must

always bear in mind what explosive

potential there is in the country and

what responsibility the politicians bear,

the former chancellor said. Europeans

and Chinese were dependent on each

other more than ever in a totally

changed world. The bipolar world broke

up after the fall of the Wall in Europe,

Kohl stated. A multipolar world was

now taking shape in which China, India,

the United States, the EU and Russia

and maybe, before long, South America

will play crucial roles. It is important

for Europeans to set out to support the

multipolar world, Kohl said, because

we promote world peace by makinguse of our opportunities to strike a

balance.

Europeans and Germans as a core

country in a united Europe could only

benefit from showing patience. Kohl:

Chinas development cannot be pursued

in time with Germanys legislative

periods.


18/25


China's Future Role in Asia

Two countries stand for all Asiasresounding progress towards a newera. China is the model, but India too

has now set out on the path that China

has successfully taken for two decades.

Lee Kuan Yew again addressed the

Hamburg Summits participants by

satellite link. The founder of modern

Singapore is convinced that the Chinese

economy will continue to grow rapidly:

I think they can carry on at 8% for thenext years, and India is growing at

about 70% of Chinas rate. East Asia

will be the fastest growing region in the

world.

Lee, Prime Minister of Singapore

from 1959 to 1990, vividly recalled the

beginnings of the Chinese economic

miracle. In 1978 Deng Xiaoping visited

Singapore and Hong Kong. He had not

expected to see cities that were more

modern than Beijing and Shanghai, Lee

said. In December that year the Beijing

authorities decided to open up the

country that had until then been sealed

off from the rest of the world.

Nearly one million Chinese tourists a

year now visit Singapore, and everybody

is learning Chinese to do business, Lee

mentioned. Singapore had already

invested heavily in China, so we asked

our businessmen to invest in Vietnamand other countries, the still influential

elder statesman said. It was a matter of

not putting all eggs in one basket.

Chinas enormous social problems

and environmental pollution will not

impede its growing influence on a

permanent basis, Lee is convinced. The

new leaders who took office two years

ago previously served in poor regions.

They are shifting the emphasis from the

coast to the west and northwest. And

they would eventually solve the pro-

blems. It will take a long time, it is

costly but they will spend on it, Lee

said.

Whatever happens, Beijing would

become a rich city exerting a great

attraction on all Asia, and the 2008

Olympic Games would make a major

contribution toward this. They are

planned as green Games and Lee saidwith a wink that China will keep this

promise. In 1999, to mark the Peoples

Republics 50th anniversary, the sky

over Beijing was to be blue. So Factories

were shut down for two weeks. For the

Olympics they will shut them down for

three weeks, Lee forecasted with a

laugh.


19/25


The gala dinner at the Hotel AtlanticKempinski on the Alster was anotherhighlight of the Hamburg Summit.

Festively decorated and illuminated for

its visitors from all over the world, the

hotel in its exclusive lakeside location

was a worthy venue for the presentation

of the China-Europe Sustainability

Award and the China-Europe Friendship

Award.

After an artistic prelude, with Chinese

music played by three young female

Chinese musicians in traditional dress,

the awards were presented. Zhang Yue,

Chairman of Chinese power engineering

firm Broad Air Conditioning and the2004 prize-winner, presented the China-

Europe Sustainability Award to someone

whose name most of you surely have

sweet memories of Alfred Th. Ritter,

CEO of German chocolate manufacturer

Alfred Ritter GmbH & Co. KG.

Ritter has campaigned for years for

ecology and alternative energy. In a

joint venture he manufactures solar

power systems in China. Zhang praised

Ritters commitment because solar

energy does not earn him a lot of profit

in the short term but he is committed to

it in the long term. Asked what the

connection between chocolate and

environmental protection was, Ritter

said, I just like to produce things that

are really useful for people. And in the

long term solar power, he said, had a

great future.

In keeping with the Hamburg

Chamber of Commerces intention of

choosing a German and a Chinese

award-winner, the second prize of the

evening went to a personality fromBeijing: Mei Zhaorong, advisor on

foreign affairs to the Chinese govern-

ment and former Chinese Ambassador

in Berlin, received the China-Europe

Friendship Award. The first award-win-

ner in 2004 was former German

Chancellor Helmut Schmidt.

Mei, director of the Chinese Institute

of World Development, was honoured

in recognition of his remarhable contri-

butions to European-Chinese relations.

In his speech in honour of the award-

winner, Volker Stanzel, the German

Ambassador in Beijing, not only praised

Meis long service to the Chinese

people but also noted that with the

long list of his publications he has

indeed helped to pave the way for Sino-

German relations.

Deeply moved, Mei Zharong qualified

this praise a little. My contribution

toward Sino-European friendship has

been modest, he said. That is why I am

also accepting the prize for the Chinese

people who have championed the causeof friendship. Politician Mei, born in

1934, said that while he had deep roots

in his own people he was well aware

how important friendship with

Germany and Europe was. I have

repeatedly found, he said, that menta-

lity and culture are very different and

that it is necessary as a result to build

bridges.


20/25


Supporting Programme

A t the end of the opening day, parti-cipants of the Hamburg Summitwent on a cruise on the Alster, a popu-

lar lake that stretches from the city cen-

tre to the outskirts of Hamburg. The

lakeside was lined with people, all of

whom were there to see the magnifi-

cent fireworks display donated by

Hamburgs twin city Shanghai. Such a

lavish display has seldom lit up the sky

over the Hanseatic city. A wide range of

glittering fans, dancing garlands, gigan-tic flowers and crackling stars were

painted in the air and accompanied by

ear-splitting peals of thunder and quiet

showers of sparks. The spectacle went

on for more than half an hour, repea-

tedly starting anew. In the end only the

peoples eyes shone as they gave the

display the applause it deserved.


21/25


Supporting Programme

One of the attractions in theChamber of Commerce buildingwas the Hamburg Architects in China

exhibition. It was dedicated to a single

project, the city of Lingang, designed on

the drawing board for 300,000 people

60 kilometres south-west of Shanghai.

It is under construction in an exclusive

location on the Pacific right next to the

newly opened largest container port in

Asia as a location for various new

universities and administrative centres.The architecture is made in Hamburg.

As if it were born out of a single drop

is how the famous Hamburg-based

architect Meinhard von Gerkan des-

cribes his master plan, which has been

under construction since 2002 under

the aegis of six Gerkan pupils, the

Hamburg architects.


22/25


Outlook by Conference Chairman Nikolaus W. Sches

The Hamburg Summit: China meetsEurope wants to build bridges ofunderstanding and deepen businessrelationships. Over the last two decades

the relations between EU and China

have gradually developed into a mature

strategic partnership. During this

period, both the European Union and

China have made significant progress in

diverse economic fields.

From the entrepreneurial point of

view and we are talking business! -

this partnership should be based on free

trade and open markets, on fair transfer

of technology and know-how as well ason cooperation in scientific and acade-

mic research. This form of cooperation

meets Chinas current strategic needs,

and it is also good for the European

Union that is constantly looking for

new markets and partners. The Sino-

European partnership is already a reali-

ty - an economic and political success.

Our Hamburg Summit is an outstanding

opportunity to reflect on what has been

accomplished and what still remains to

be done. During the second summary

approximately 450 decision makers

from ten countries discussed the politi-

cal and economic issues with some

major results.

First of all Chinas further integration

into global politics and the globaleconomy is inevitable, the economic

interdependence is a reality. The Peoples

Republic is on its way to becoming a

global player, no one can deny Chinas

growing influence. The European Union

should view the Peoples Republic as a

strategic partner and give impulses in

order to forge a beneficial relationship

of equals.

China second is definitely a must

for most European companies. For some

firms facing growing competition from

China it is a question of survival to

arrange partnerships with Chinese

companies. The process of opening up,

which is a direct result of Chinas acces-

sion to the WTO holds new opportunities

in store. They should not be missed.

And finally the European Union

should support the Chinese government

in its endeavors to further reform the

economy, to enhance environmental

protection and establish a stable society.The European Union has a lot of experi-

ences to share with China, for example

in creating a sustainable social welfare

system and successfully coping with

problems of social disparities. It is

exactly the aim of the Hamburg

Summit to offer a forum to exchange

ideas and experiences. Dialog is the

bridge to peace and sustainability.


23/25

Views on the Hamburg Summit Quotes

Since its inception the Summit has played animportant role in enhancing cooperation andfriendship between China and the EuropeanUnion.

(Wen Jiabao, Premier of the State Council of the Peoples

Republic of China, 13 September 2006)

This Hamburg Summit as I understand it is mainlya meeting at which to share thoughts on interna-tional economic ties and to exchange experience

just as much as fears, hopes, forecasts and sugge-stions.

(Helmut Schmidt, Die Welt, 14 September 2006)

Given the swift pace of development in China,this conference in Hamburg is important. It is agood match for Hamburg and for Germany. Theevent will further intensify relations betweenGermany and China and ought therefore to becontinued.

(Helmut Kohl, 16 September 2006)

This gathering, held every other year inHamburg, is a kind of Davos of the China trade.

(FAZ, 14 September 2006)

The Chamber of Commerces Hamburg Summitwas a success both nationally and internation-ally. The Hamburg Chamber of Commerce can bemore than satisfied with the course of the secondHamburg Summit China meets Europe.(Die Welt am Sonntag, 17 September 2006)

There is practically no company or businessassociations that is not backing the several-dayHamburg Summit: China meets Europe intendingto improve Hamburgs ties with its twin cityShanghai.

(Handelsblatt, 14 September 2006)

What the Chamber of Commerce has now pre-sented is an enormous opportunity for the busi-ness location Hamburg making the Chinese withtheir immense economic potential even moreenthusiastic about the city.

(Hamburger Abendblatt, 5 September 2006)

Frank speaking, longstanding commercial andeconomic ties, the desire for cooperation andunderstanding and to devise win-win situationswere the hallmarks of this second HamburgSummit between China and the European Union.

(aktuell Asia, 10/2006)

To us in China, protecting IPR is both an internatio-nal obligation and a requirement for promotingChinas own development and enhancing its capaci-ty for independent innovation.

(Wen Jiabao, Premier of the State Council of the Peoples

Republic of China)

Last year the EU took over from the USA as

Chinas premier trading partner.(Xu Kuangdi, CFIE)

Investing in the Chinese market is investing inthe future.

(Ulrich Ellerbeck, HSH Nordbank)

Some countries have converted their industriesand now complement the products that Chinaexports, but this conversion has not been under-taken in southern Europe. These discrepanciesmake it more difficult to speak with one voice onother important issues such as the protection ofintellectual property rights.

(Mario Monti, Bocconi University)

In only a few years time China will account for50% of the worlds production capacity.

(Ronnie C. Chan, Hang Lung Group)

You have good know-how but you need to showChinese partners how it will benefit them.

(Fu Chengyu, CNOOC)

In making more efficient use of resources Chinais following the route that all industrialised coun-tries have taken and using relatively fewerresources with increasing prosperity. But theseefforts are not enough to master the challenge

faced by all countries, industrialised and develo-ping countries alike that of progressive globalwarming.

(Ernst-Ulrich von Weizscker, University of California Santa

Barbara)

Economic development is limited not by financi-al or human capital but by natural capital.

(Klaus Tpfer, former Director of the United Nations

Environment Programme)

China wants not only to raise its vehicle produc-tion but also to make sweeping changes to thestructure of its automotive industry. The objectiveis to have one or two Chinese global players.

(Bernd Gottschalk, German Automotive Industry

Association)


24/25


Enrique Barn Crespo, Chairman of the Committee on International

Trade, European Parliament, former President of the European

Parliament, Spain

Laurence Barron, President Airbus China, P.R. China

Michael Behrendt, Chairman of the Executive Board, Hapag-Lloyd AG,

Germany

Lutz Bethge, Managing Director, Montblanc International, Germany

Ole von Beust, First Mayor of the Free and Hanseatic City of Hamburg,

Germany

Soledad Blanco, Director of International Affairs and the LIFE

programme, European Commission, Environment Directorate General,

Spain

Cai Weici, Vice President, China Machinery Industry Federation, P.R.

China

Ronnie C. Chan, Chairman, Hang Lung Group, Hong Kong S.A.R.

Heinz Dollberg, Executive Vice President, Head of Asia Pacific Division,

Allianz Versicherungs-AG, Germany

Dr. Karl-Joachim Dreyer, President, Hamburg Chamber of Commerce,

Germany

Ulrich W. Ellerbeck, Member of the Management Board, HSH Nordbank

AG, Germany

Jrgen Fitschen, Member of the Group Executive Committee, Deutsche

Bank AG, Germany

Fu Chengyu, President, CNOOC, Executive Chairman, CFIE, P.R. China

Diethard Gagelmann, Member of the Executive Board, International

Procurement, Otto Group, Germany

Prof. Dr. h.c. mult. Meinhard von Gerkan, Managing Director, von

Gerkan, Marg und Partner, Germany

Michael Glos, Federal Minister of Economics and Technology, Germany

Prof. Dr. Bernd Gottschalk, President, German Association of the

Automotive Industry (VDA), Germany

Guan Tongxian, President, Shanghai Zhenhua Port Machinery Co. Ltd.,

P.R. China

Guo Wei, President, Digital China Holdings Ltd., P.R. China

Dr. Richard Hausmann, President & Chief Executive Officer, Siemens

Ltd., P.R. China

The Hon Robert Hawke AC, former Prime Minister of the Commonwealth

of Australia

Ed Hotard, Chairman, Monitor Group, P.R. China

Prof. Jean-Christophe Iseux, Special adviser to People's Government of

China, Director, Institute of World Economy, People's University of China,

P.R. China

Jin Yun, Chairman, Shanghai Pudong Development Bank, P.R. China

H.E. Ian Kemish AM, Ambassador of Australia to the Federal Republic of

Germany

Steffen Klusmann, Editor-in-Chief, Financial Times Deutschland,

Germany

Dr. Helmut Kohl, former Chancellor of the Federal Republic of Germany

Lee Kuan Yew, Minister Mentor, Republic of Singapore (via satellite)

Liu Changle, Chairman of the Board and CEO, PhoenixSatellite Television

Holdings Limited, Hong Kong S.A.R.

Jutta Ludwig, Delegate, German Delegation of Industry and Commerce,

Beijing; Executive Director and Board Member of the German Chamber

of Commerce in China, P.R. China

Dr. Werner Marnette, Chairman of the Board, Norddeutsche Affinerie

AG, Germany

H.E. Prof. Dr. Mei Zhaorong, Honorary Director, Institute of World

Development, State Council of China

Prof. Dr. Mario Monti, President, Bocconi University, Milan, Italy

Peter Rieck, Member of the Management Board, HSH Nordbank AG,

Germany

Alfred Th. Ritter, CEO, Alfred Ritter GmbH & Co. KG, Germany

Prof. Dr. Eberhard Sandschneider, Otto Wolff-Director of the Research

Institute, German Council on Foreign Relations Germany, Germany

Dr. Rainer Schfer, Head of Country Risk and Emerging Market

Research, Dresdner Bank, Germany

Helmut Schmidt, former Chancellor of the Federal Republic of Germany

Nikolaus W. Sches, Conference Chairman, former President, Hamburg

Chamber of Commerce, Owner of F. Laeisz Shipping Co.

Dr. Margot Schller, Deputy Director, GIGA - Institute of Asian Affairs,

Germany

H.E. Amplanavar Selverajah,Ambassador of the Republic of Singapore

to the Federal Republic of Germany

Dr. Theo Sommer, Editor-at-Large, Die Zeit, Germany

H.E. Dr. Volker Stanzel, Ambassador of the Federal Republic of Germany

to the Peoples Republic of China

Prof. Dr. h.c. Horst Teltschik,Chairman, Teltschik Associates, Germany

John Thornhill, European Editor, Financial Times, Great Britain

Prof. Dr. Klaus Tpfer, former Under Secretary General United Nations,

former Director General of the United Nations Office at Nairobi (UNON),

former Executive Director of the United Nations Environment Programme

(UNEP)

Dr. h.c. Winfried Vahland, Executive Vice President of Volkswagen

Group, President & CEO Volkswagen Group China, P.R. China

Prof. Dr. Dr. h.c. Ernst-Ulrich von Weizscker, Dean, Donald Bren

School of Environmental Science and Management, University of

California Santa Barbara, USA

H.E. Wen Jiabao, Prime Minister of the Peoples Republic of China

Wong Wai Shing, Vincent, Joint Managing Director , Kerry EAS Logistics

Limited, Hong Kong S.A.R.

Xie Qihua, Chairwoman, Baosteel Group Corporation, Chairperson of

Presidium, CFIE, Chairwoman, China Iron and Steel Association, P.R.

China

H.E. Prof. Xu Kuangdi, Vice Chairman, CPPCC, President, Chinese

Academy of Engineering, Chairman of CFIE, P.R. China

Yang Yuanqing,Chairman of the Board, Lenovo Group Ltd., USA

Zhang Guangsheng, Vice Chairman of the Board, Shanghai Automotive

Industry Corporation (SAIC), P.R. China

Zhang Yue, Chairman of the Management Board, Broad Air

Conditioning, P.R. China

Zhao Xizheng, President, China Electric Council, Chairperson of

Presidium, CFIE, P.R. China

Zhu Yanfeng, President, China FAW Group Corporation, Chairperson of

Presidium, CFIE, P.R. ChinaEconomics, Columbia University, USA

Red C Meets Blue E. This strikingshorthand symbol for the Ham-burg Summit: China Meets Europe was

impressively evident around the city.

While garlands of red Chinese lanterns

gave the Alster and its bridges a little

Asian flair, the major Hamburg Summit

venues were basked in a blue light.

From the City Hall to the Hamburg

Chamber of Commerce, people were

able to admire important city buildings

in a new light. As he had done two years

earlier enabled by the support of the

Exclusive Sponsor HSH Nordbank AG,

Hamburg-based artist Michael Batz and

the bank once more transformed the

central Hamburg Summit venues with

hundreds of floodlights into a sea of

blue in the corporate colour of the

sponsor. In the truest sense of the word

the Hanseatic city was shown in a

favourable light and so did justice to the

Hamburg Summits importance for rela-

tions between Europe and China.


25/25

Documents

"Hamburg Summit: China Meets Europe" - Documentation 2006