The visiting German president Johannes Rau said in Shanghai
Sunday that Germany and Shanghai have established wide ranging
cooperation and German enterprises are vigorous in the city.
Rau spoke during a meeting with Shanghai Mayor Han Zheng.
Han spoke positively on German investment in Shanghai and said
that the city has built up many exchange and cooperation projects
with German enterprises.
Shanghai has made remarkable achievements in the economic
development process in recent years, Rau said, demonstrating
Shanghai's huge success after China adopted the reform and
opening-up policy.
Recent official statistics showed that Germany has become one of
the most important foreign investors to Shanghai. Up to the end of
June, Germany had established 482 direct investment projects in the
city and registered a contracted investment of US$3.358 billion,
4.8 percent of Shanghai's total contracted foreign investment.
According to the statistics, Shanghai saw a trade surge with
Germany valued at US$5.5 billion last year and 4 billion dollars
from this January to June.
The German president also delivered a speech at Shanghai's
prestigious university of Fudan and visited Jewish Refugee Memorial
Hall of Shanghai this afternoon.
(Xinhua News Agency September 14, 2003)