"hamburg summit: china meets europe" - documentation 2012

7/30/2019 "Hamburg Summit: China Meets Europe" - Documentation 2012

1/49

Documentation Brochure 20122012

November 28 to 30, 2012

Hamburg, Germanywww.hamburg-summit.com

2012 112830


2/49

2 The Hamburg Summit: China meets Europe Documentation Brochure 2012


3/49

3The Hamburg Summit: China meets Europe Documentation Brochure 2012

Table of Contents

04 Opening Dinner

08 Conference Opening

14 Panel: Current situation ofthe world economy: the

roles of China and Europe

16 Panel: EU-China traderelations: an unbalanced

partnership?

18 Panel: Liberalisation of theRMB

20 Power Talk: The transatlan-tic view: a new China with

new leaders?

22 China meets Europeevening

24 Panel: Smart Cities

26 Panel: Raw material supplyfor China and Europe

28 Keynote Speeches onFinance

30 Panel: Strategies for Chinaand Europe in a multipolar

world

32 Conference Closing

34 Site Visits

36 Views on the Hamburg

Summit

37 Quotes

38 Sponsors 39 Partners

40 Programme

46 Speakers

Imprint:

HAMBURG CHAMBER OF COMMERCEInternational DepartmentJens Assmann Adolphsplatz 120457 Hamburg GermanyPhone: +49 40 361 38-287Fax: +49 40 361 38-494E-Mail: [email protected]

Design:zwei:c Werbeagentur GmbH, HamburgPhotos: R. Magunia, K. AngererChinese Translation:Dr. Boesken & Partner GmbH, HamburgCopy Date: July 4, 2013All rights, changes and errors reserved.

Jens Assmann Adolphsplatz 120457 : +49 40 361 38 -287 : +49 40 361 38 -494 : [email protected] : www.hamburg-summit.com

:

zwei:c : R. Magunia, K. Angerer :

Dr. Boesken & Partner GmbH 2013 7 4


4/49

Opening Dinner

This years Hamburg Summit willbe a very special one, Fritz HorstMelsheimer, President of the Hamburg

Chamber of Commerce, promised in his

welcome address at the opening dinner.

Just a few weeks before, the 18 th National

Congress of the Communist Party of

China had taken place announcing the

new Chinese leadership for the nextdecade. At the Hamburg Summit: China

meets Europe 2012 440 high-ranking

participants from business, politics

and academia representing 21 different

countries had the chance to discuss how

the new Chinese political figureheads will

lead the worlds new economic superpower

into the future. There is a lot to talk about

and to discuss, Melsheimer added with

reference to the power transition in China,

two exciting days, full of new contacts,inspiring discussions and valuable insights.

Olaf Scholz, First Mayor of the Free

and Hanseatic City of Hamburg, described

in his words of welcome how successful

the relationship, especially between China

and Hamburg, has grown. Hamburg and

Shanghai have been sister cities since

1986, he said. However not only trade and

business has grown; the number of visits by

the Chinese to Hamburg has also increased

by 40 per cent over the last few years.

Wan Gang, Minister of Science and

Technology of the Peoples Republic of

China and Vice Chair of the 11th Chinese

Peoples Political Consultative Conference,

greeted the audience with a Hamburg-

typical Moin, Moin and thus exhilarated

at least the German participants. In hiskeynote speech at the Opening Dinner he

said: We are pleased to see that China-EU

relations have become one of the worlds

most important partnerships. He described

the historic changes China has undergone

over the past ten years and the important

role cooperation with Europe played in

this development. There are more than 60

dialogue and consultation mechanisms

established, 69 pairs of sister provinces

or cities have been established, as well ascloser personal and cultural exchanges. The

economic and trade cooperation is one of

the most active and the most productive

parts of China-EU relations. The Minister

also stated that the international financial

crisis and the outbreak of the European

sovereign debt crisis have further deepened

the economic interdependence between

China and the EU.

Referring to the results of the National

Congress Wan Gang stated: China will

achieve the goal of fully building a well-

off society in 2020 placing more emphasis

on scientific development and on

coordinating economic, political, cultural,

social and ecological development. China

will therefore strive to make significant

progress in the transformation of theeconomic development mode, doubling

the 2010 gross domestic product (GDP)

and per capita income for both urban and

rural residents. This development bears

great potential for the business activities

of European companies. Difficulties are

opportunities and challenges are driving

forces, the Minister said, and invited his

European counterparts to deepen the level

of cooperation: China and the EU should

continue to maintain mutual respect and tobe friends that seek common ground while

reserving differences. Finally he pleaded

for a new silk road of trade and personal

contacts that should link Europe and China

in the great tradition of the famous trade

route between the two regions.


5/49

(Fritz Horst

Melsheimer)

2012 21

440

2

(Olaf Scholz)

1986

40 %

11

Moin

Moin

60

69

2020

(GDP)

2010


6/49


Annette Schavan, then GermanMinister for Education and Research,mentioned in her keynote speech that

relations between China and Germany

have never been as good as they are today.

The cooperation between Minister Wan

Gang and me is characterised by trust and

a sense of responsibility, she said. Bothshare the firm conviction that research

and innovation are the drivers of economic

and social development. Therefore there is

a lot of common interest because Germany

is Europes technology powerhouse and

is among Europes leaders regarding

expenditure on research and development

whilst the Chinese Government is similarly

pursuing a very successful and ambitious

innovation strategy.

Cooperation in research involvesfinding answers to the great questions of

our time such as fair distribution of water

and other resources, providing the worlds

population with sufficient food, installing

renewable energy, stopping climate

change and dealing with ageing societies.

All these questions cannot be solved on

a national level, it is a matter of finding

joint answers and developing joint

strategies for action, Minister Schavan

said. Friendship stems from knowledge

of the culture and intellectual tradition,

therefore she supports a stronger

exchange of students and researchers

and a strengthening partnership between

universities.

Last but not least, Prof. GeorgiosPapastamkos, Vice President of the

European Parliament, said in his keynote

speech: EU and China need each other

and we have no alternative but to work

together, especially in these times of

economic instability and uncertainty.

The global economic environment is

more interdependent than ever and

the geo-economic balance of power is

changing fast. Along with other emerging

countries China has become a key player,the politician explained. Therefore the

way China will develop in the next five

years will have a direct impact on global

wellbeing and security. Prof. Papastamkos

stated: A stable and economically strong

China, with a more balanced regional

development, reduced social inequalities

and a greater purchasing power for the

population: Europe expects the recently

appointed Chinese leadership to work in

that direction.

Vice President Prof. Papastamkos also

mentioned that there is disagreement in

certain fields such as human rights or

market economy status, but no matter

what our differences are, we should strive

for global solutions. He is convinced thathaving an open discussion is a sign of the

strength of a relationship: the EU-China

dialogue is more than just trade, business

and global politics.

In his closing remarks Conference

Chairman Nikolaus W. Sches underlined

that, especially in this time of uncertainty,

it is important to exchange experiences

and ideas, but also to remind each other

to truly and faithfully cooperate. The

last three decades saw a relatively liberalglobal environment that undoubtedly

contributed to Chinas rapid economic

growth, Sches said. However, due to the

global crisis in all parts of the world, it is in

danger. In such difficult times mutual trust

is of utmost importance, the Conference

Chairman continued and added: One has

to know the partner, his values, interests

and aims.


7/49


(Annette Scha-

van)

(Georgios Papastamkos)

W (Nikolaus W. Sches)


8/49


Conference Opening

In his words of welcome Fritz HorstMelsheimer, President of the HamburgChamber of Commerce, said the 5th

Hamburg Summit: China meets Europe

was a little birthday, honoured by the visit

of many good friends and special guests.

However the Hamburg Summit was

also special because of its timing shortlyafter the nomination of the new Chinese

leadership and the re-election of US-

President Barack Obama. The participants

at the first Sino-European conference to

take place following these events were very

excited to see how these developments will

influence the economies not only in China

but also in Europe.

One of the key points will be how the

new Chinese leadership will deal with the

slowdown in growth and its economicand social consequences, Melsheimer

explained. On the other hand there are

Chinese companies with concerns and

questions in relation to the stability of the

Euro and European growth. The President

of the Hamburg Chamber of Commerce

expressed his personal wish that the

speakers, of which there were about 50,

who came to Hamburg from China, the

US, the Middle East and Europe, would

give answers to the numerous questions

arising from the current developments.

Melsheimer stated: We believe that

dialogue and cooperation, not conflict and

argument, should become the key words of

Sino-European economic relations.

Olaf Scholz, First Mayor of the Free and

Hanseatic City of Hamburg, firstly gave an

impression of his last visit to China one year

ago. One cannot cease to be impressed by

the changes that happened, he said. In

his words of welcome he described why

his city is very interested in cooperating

with China. First of all the port, Hamburgs

economic backbone, is not only the most

important gateway from China to Germany

but also to Europe. Therefore investments

into the ports infrastructure have firstpriority for his government, he promised

his Chinese listeners. But there is another

strong economic argument for more

intense cooperation in the future: Hamburg

is the worlds 3rd largest production place

for the aerospace industry. This is also a

promising field of cooperation, especially

because European aircraft company Airbus

already has a final assembly line in China.

We have much to talk about, said Scholz,

concluding his remarks.

In his introduction into the keynote

session Nikolaus W. Sches, Conference

Chairman and former President of

the Hamburg Chamber of Commerce,

underlined the tremendous development

China has undergone in the past 30 years.GDP-growth averaged ten per cent per

year and over 500 million people were

lifted out of poverty. However economic

growth weakened recently and new

questions have been raised. Perhaps most

importantly: What will be the economic

and socio-economic policy of the new

Chinese government? And: What will a

possible shift mean for Chinese companies

and for their business partners in Europe?

The Chinese partners also have seriousquestions, Sches said: Will the European

economy recover and once again become

a source of high demand for Chinese

goods? He then promised: The keynote

speakers will provide us with more in-

depth information.


9/49


(Fritz Horst Melsheimer) 5

(Barack Obama)

50

(Olaf Scholz)

3

W (Nikolaus W.

Sches) 30

GDP

10% 5


10/49


Conference Opening

In his keynote speech Wan Gang, Ministerof Science and Technology of the PeoplesRepublic of China and Vice Chair of the

11th Chinese Peoples Political Consultative

Conference, explained the guidelines of

the new Chinese policy: The government

attaches great importance to science and

technology, we actively create a supportive

environment for innovation. In the past

decade especially, Chinas capability for

innovation has been greatly improvedby carrying out reforms and overcoming

challenges in a number of key steps. The last

one was the National Congress on Science

and Technology which formulated the

strategy of innovation-driven development

and identified further relevant milestones.

Major projects in science and technology

are powering the development of strategic

new industries like clean energies,

information technology or biotechnology.

The success of the new strategy is alreadyvisible, Minister Wan Gang explained: The

number of research and developments

professionals has grown significantly, the

number of academic papers ranks second

in the world and in 2011 the number of

patents ranked third in the world. On the

other hand his country is also entering

a critical period of reforms geared

towards an open economy, Wan Gang

told the audience. China is restructuring

its economy to allow more space for

international cooperation. Alongside all

the economic difficulties in China as well

as in Europe we need to have a long term

view, he said, and closed with a strong

vision: We firmly believe that the close

China-EU and China-Germany cooperation

in innovation will be a new silk road for a

brighter future and a new Eurasian bridge

to connect us together.Elmar Brok, Chairman of the Foreign

Affairs Committee of the European

Parliament, gave an optimistic view on

the further development of the EU. Since

the beginning of the debt crisis in 2009

we have set up instruments which make

it more credible that we will stick to the

rules, he told the participants and added:

At the end of the crisis in 2014 or 2015

the EU will be much stronger than before.

That lead Dr. Theo Sommer, Editor-in-Chiefof the German weekly DIE ZEIT and Chair of

the keynote session, to a provoking remark:

EU-policy is like an elephant: on a high

level, a lot of dust and you have to wait

years for results. Jrgen Fitschen, Co-

Chairman of Deutsche Bank and Chairman

of OAV - German Asia-Pacific Business

Association, is convinced that the further

rise of the Chinese economy and Chinese

power will also lead to a stronger currency.

In his opinion the Renminbi could, in

medium term, join the US Dollar and

the Euro as one of the worlds strongest

currencies. Fitschen stated: It may take

another ten years but it will have positive

impacts.

At the end of the keynote session

Fitschen was honoured with the China

Europe Friendship Award, which

alternately goes to personalities fromChina and Europe. The laudator was Capt.

Xu Lirong, President of China Shipping

(Group) Company. He has a special

obligation Capt. Xu said, to honour

Jrgen Fitschen because he is a person

who made a great contribution to China-

Europe-dialogue in his role as Chairman

of OAV - German-Asia-Pacific Business

Association. In his merit are numerous

achievements in the Asia-EU-dialogue he

concluded. Fitschen replied that his mostimportant goal has always been bringing

people together. Having been born in a

little village in Northern Germany, he also

explained why he is grateful to get the

award in Hamburg: I always tell the people

when I travel through the world that I am

coming from Hamburg because they dont

know my home-village.


11/49


11

(Wan Gang)

2011

(Elma Brok)

2009

2014 2015

(DIE ZEIT)

(Theo Sommer)

(OAV) (Jrgen

Fitschen)

-

(Jrgen

Fitschen)

(Jrgen Fitschen)


12/49


Conference Opening

The Chinese have to transform theireconomic model, Lu Yaohua, headof delegation of the China Federation of

Industrial Economics, explained. In his

opinion, this is the key task for the future.

Alongside improving innovation, domestic

consumption is increasing and becoming

a driving power of growth, he said. For

instance, Lu Yaohua mentions that there

are great opportunities in services andfinancial services. However, this is not a

challenge China can handle alone. Today

the economies are more interconnected to

each other than ever before, countries need

to cooperate not only in the traditional

fields but also in modern ones. Therefore

he pleaded for more solidarity between

Europe and China: Both economies are in

a state of flux and structural change. China

and Europe should help each other to tap

potential and complement each otherthrough their respective strengths.

To build a strong and sustainable

partnership we need deeper trust between

both nations, Dr. Martin Brudermller,

Vice Chairman of BASF and Speaker of

German business for China of APA (Asia

Pacific Committee of German Business),

pointed out. In his opinion only a clear

commitment from both sides to work

together for mutual benefits will bring

progress. There must be an attitude of give

and take! Above all, he believes there are

two areas which are very important: firstly

investments and secondly technology

transfer. In both fields the market is still

restricted, Dr. Brudermller said and

added: Dont forget where China started.

Another big issue is the fear of Europeans

that China is going to buy Europe, butDr. Brudermller is convinced that there

are many good reasons to welcome

Chinese investors in Europe. He also

believes that we will see more and more

good examples of such investments.

However, to overcome such prejudices the

Chinese investors also have to change their

attitude: They have to become much more

visible in public, he explained. Ultimately,

investment and innovation are areas where

trust is very important, because we cannotbuild a partnership purely on a business

level.

If it is possible to build trust, and

work for mutual benefit, Yao Shenhong,

Executive Vice Chairman and Secretary

General of the China Association of Trade in

Services, is convinced, there will be great

opportunities for cooperation over the next

five years. He also forecasts, that trade in

services will become the new engine of

Chinese economic development. The crisis

has driven reforms in the world economy

and trade in services are now a key sector in

the process of globalisation. Consequently,

China is now more open for services in the

fields of finance, education, medicine and

tourism.

Yao Shenhong mentioned that Chinese

trade in services has already improved over

the last three decades, but still remains at a

low level. On the question of how companies

in Europe can use Chinas new growth-

engine, he argued, that in the near future

they should first focus on technology-

intensive sectors like finance, insurance and

telecommunication. He stated that in these

areas the most successful thing would be

to establish international cooperation and

build cross-border, cross-country and

cross-sector business models. With hisideas, the head of the China Association

of Trade in Services gave the participants a

very up-to-date insight into the economic

development of his country. However,

as Moderator Dr. Theo Sommer, Editor-

in-Chief of the German weekly DIE ZEIT,

concluded at the end of the session: The

progress of Chinas service industry is not

yet in the global public focus.


13/49


APA

(Martin Brudermller)

(DIE ZEIT)

(Theo Sommer)


14/49


Panel: Current situation of the world economy: the roles of China and Europe

The consequences of the debt crisis inthe United States and the EU are veryvisible. China remains a powerhouse of the

global economy but depends on western

markets and has to readjust its economy

over the next years. Is this the beginning of

a further and perhaps long lasting periodof economic decline or do the economic

and political leaders have strategies to

repower the global growth machine?

How can global growth be revitalised and

stimulated?

All members of the panel Current

situation of the world economy: the roles of

China and Europe predicted China would

continue its successful development in the

future. In the short term there may be some

difficulties and a need for restructuring, butin the long term the Chinese economy will

keep its role as strong powerhouse for the

global economy. China will become an even

more important market than it is today

which also means that competition will be

stronger. We take the Chinese competition

seriously, we are not afraid, Dr. Thomas

Enders, CEO of EADS, said. He is convinced:

If there is a country to compete with us

and the US it is for sure China. But it has

to be a two-way street, he added, China

has to be open for European companies and

vice versa. Thats just what is happening,

Professor Heiner Flassbeck, Director of

Division on Globalization and Development

Strategies at UNCTAD, replied. The street

is changing dramatically into a two-way

street. Germany has to correct its trade

imbalance as China did. A lot of people

in Europe are feeling threatened by rising

competition of China, but there is no need,

he added. It will not happen overnight,

Dr. Enders calms upcoming fears and Dr.

Axel Heitmann, Chairman of the Board

of LANXESS, is even optimistic looking

towards such a development: We never goto China for low wages, we are looking for

the best talents and we focus on premium

products, he said. So the competition is

about innovation and that will help both

China as well as Europe.

That is exactly how Chinese business-

men see it. When moderator David Marsh,

Chairman of the British Official Monetary

and Financial Institutions Forum, asked Lu

Jianzhong, President of Shanghai Zhenhua

Heavy Industries Co. (ZPMC), what it means

for his company he answered very self-

confidently: Only competition makes

you stronger for the future. We have our

competitiveness, we are open. But Capt. Xu

Lirong, President of China Shipping (Group)

Company, challenged the Europeans: You

need to be more open for international

companies and their investments!

Ultimately one strategy for future

growth is to open economies up to fair

competition for innovation. We have

to learn a lot from our partners, Lu

Jianzhong said. And Professor Flassbeck

added: Competition should be about

productivity.


15/49


EADS

(Thomas Enders)

UNCTAD (Heiner

Flassbeck)

(Axel Heitmann)

(David

Marsh)

(Xu Lirong)


16/49


Panel: EU-China trade relations: an unbalanced partnership?

The global economy still faces numerousbarriers and international traderemains often unbalanced. However, we

are looking too much at statistics, weshould look on what our goal is, believes

Dr. Martin Brudermller, Vice Chairman of

the Board of BASF. When it comes to trade

with China in particular he has a clear view:

Less talking about statistics and more on

how we can gain the opportunities! At

the Panel EU-China trade relations: an

unbalanced partnership? Yao Shenhong,

Secretary General of the China Association

of Trade in Service, agreed with him

regarding the partnership. Balance or notis not the right word, he said. The focus

should be on mutual benefit. We have to

open up to each other.

The European Commission has

identified China as the biggest challenge.

In general we have a good relationship

with China, the country represents our

fastest growing market, Peter Berz, Head

of Unit at the European Commissions

DG Trade, added. China is still a strategic

partner with an outstanding economic

development. Although there are disputesin some areas, trade is booming. Huang

Yuezhong, Chairman of the Federation of

Industrial Economics in Anhui, described

the new governments economic plan and

its implications: The peoples congress

decided to double GDP by 2020 and to

boost domestic consumption. That is

not only an opportunity for China but

for the world. In view of these great

prospects he is very confident about the

relationship between Europe and China.

But of course there is a lot of work ahead

for politicians and businessmen, becausewe can do better, Berz said. One key

issue in trade is the standards of products

and services. Dr. Axel Stepken, Chairman

of TV SD, explained the problem:

Without standards no innovation, without

innovation no products, without products

no consumption and without consumption

no wealth. Also the more the economy is

developed, the more another issue becomes

relevant: the protection of intellectual

property rights. If you want to worktogether you must ensure that everything

is under control, John Stoop, Board-

Member of EUROCHAMBRES, argued. This

is not only to protect foreign companies,

this is also in Chinas interest because they

are exporting more and more themselves,

he added. And moderator Shada Islam,

Head of Policy at the Brussels think-tank

Friends of Europe, gave a hopeful outlook:

The new leaders will deal with the old

problems in a new way!

The panellists agreed that China hasalready opened its markets to a great

extent. One has to keep in mind that two

decades ago there was nearly no trade

between the EU and China, Dr. Stepken

said. He also added that its not just China,

We have similar discussions with the US

and other countries. Berz added that the

European Commission faces exactly the

same problems in other markets. And

Huang Yuezhong mentioned that people

expect too much too fast and promised:My colleagues and I feel that Chinese

reforms go on, we have the strategic vision

to tackle these problems. Looking at the

possibility of negotiations for a Free Trade

Agreement with China Dr. Brudermller

argued: We are too dogmatic. The relations

are good and there are tremendous

opportunities, but we have to be fast

otherwise the market is lost to competitors

in other parts of the world.


17/49


(Mar-

tin Brudermller)

(Peter Berz)

2020 GDP

TV

(Axel Stepken)

(John Stoop)

(Shada Islam)


18/49


Panel: Liberalisation of the RMB

China is the second largest economy inthe world but its currency has not thesame importance yet. Thats a blessing for

the country, so we suffered less from the

financial crisis, Professor Mao Zhenhua,

the Chairman of China Chengxin Credit

Management Co. Ltd., argued. On the

other hand it is clear the situation will

change rapidly. Top bankers are convincedthat Chinas currency Renminbi (RMB)

could join the US Dollar and the euro as

one of the worlds leading currencies. The

liberalisation of the RMB is accelerating,

said Professor Mao. But it will be a policy

of little steps, Robert Koller, Partner at

Simmons & Simmons, added.

Following the first issue of bonds in

RMB by a US Company in 2010, German

companies have subsequently followed this

development. Hakan Wohlin, ManagingDirector of Deutsche Bank, expects the

amount of RMB bonds will increase tenfold

in the next years. He also predicted that

China would overtake the United States in

2016 in offering bonds in its own currency.

The most important market place for RMB

trade is actually Hong Kong, but London,

Singapore and Frankfurt are also expected

to become leading trading places for the

Chinese currency. Its something of an

educational point, Koller explained, if it is

successful in the first step more and more

followers will come.

What are the incentives for non-

Chinese residents to hold RMB?,

moderator Dr. Margot Schller, Deputy

Director of GIGA Institute of Asian Studies,

asked. There are still few incentives but thesituation changes. First there is a lot of trade

of goods and services with neighbouring

states. Half of Chinese trade goes to Asia

and therefore they have an interest to do

it in RMB, Hamad Buamim, Director of

Dubai Chamber of Commerce and Industry,

explained. This is because trading in its

own currency instead of US dollar lowers

the transaction costs. Another argument

Wohlin made was: More of our Chinese

friends will buy companies in Europe whichwill also affect the internationalisation of

the RMB.

There is no doubt that Chinas rapidly

expanding economy and growing external

trade will lead the RMB to ultimately reach

an international status truly reflecting its

economic weight. This will also provide

opportunities for Chinese as well as foreign

banks. But the panellists agreed that there

are still problems in the Chinese banking

sector. The large banks have done very well

in recent years but a lot of banks are in a

bad situation, Professor Mao mentioned.

In particular in the banking system,

China needs international cooperation to

establish the necessary expertise.

At the end of the panel the speakers

were not able to agree about thepossible timeframe for the full liberalisation

of the RMB. While Koller expected it will

take some time because if you look into

Chinese history they have always made

small steps, Buamim argued, Hong

Kong shows that there is great speed in

the system. Finally, Wohlin concluded:

Liberalisation comes sooner than most

people expect.


19/49


(RMB)

(Robert

Koller)

2010

(Hakan Wohlin)

2016

GIGA

(Margot Schller)

(Hamad Buamim)


20/49


Power Talk: The transatlantic view: a new China with new leaders?

The first conference day was closed by adiscussion between two famous elderstatesmen with an outstanding knowledge

about China: Dr. Henry Kissinger, former US

Secretary of State and Nobel Prize recipient,

and Helmut Schmidt, former Chancellor

of Germany and one of the Hamburg

Summits Honorary Chairmen, discussed

the situation in China after the power

transition. Both visited China for the first

time more than 40 years ago and, as activepoliticians, they had do deal a lot with the

rising power; they wrote books about its

policy and society and, last but not least, they

are still monitoring the development very

carefully. Who could give the participants

a better overview of the current situation

than these two old friends?

When their companion and moderator

Dr. Theo Sommer, Editor-at-large at the

German weekly DIE ZEIT, asked if they

were expecting a fundamental change inChinese politics under the new leadership

after the 18th Congress of the Chinese

Communist Party, Dr. Kissinger said: It is

a mistake to look on Chinese development

in terms of persons. Not the leaders, but

the conditions require new efforts! He

mentioned a few of this conditions: to

harmonise the situation of the western

and eastern part of the country, to handle

the movement of 500 million people from

the countryside to the cities, to deal with

corruption and to manage the further

economic development.

Chinese policy will not change,

you have to expect continuity, Schmidt

concurred. And he made another point:

All old civilizations have more or less

disappeared, but Chinese history is quite

different: after three or more centuries

of decline they faced tremendous growthsince the 1980s! Facing a rising Chinese

military budget and the territorial dispute

with Japan, both elder statesmen came

to the same, reassuring conclusion with

reference to Chinas impressive history:

China is not a conquering country by

military force, Dr. Kissinger argued and

Schmidt added: China has never colonised

other countries. There is no tradition of

taking other peoples territories. There are

a few exceptions but China so far hasbeen the most peaceful big country in the

worlds history. I do not believe that they

will go away from this tradition!

Both men are convinced that in the

future the position of a nation in the

global system will no longer be defined

by only military power but rather by the

well-being of the people and its economic

behaviour. Therefore, there is no other way

than to cooperate because many problems

in Europe as well as in China are the same.

The environmental challenge is one of

the most important examples of the need

for cooperation and a common solution.

Another challenge is the ageing population

in Europe, the US and in China which has a

deep policy impact. As Helmut Schmidt put

it: They are not interested in governing the

world, but in pensions for their old people.

So, how should the EU deal withChina?, Dr. Sommer asked, mentioning

critical issues like the tough competition

for raw materials or human rights. You

should not intervene in the domestic

problems of a sovereign state!, Schmidt

argued. In his view that is a simple matter

of fact, especially for Europe. Schmidt: We

have to know the limits of what we can do.

Schmidt acknowledged that there is a

shift of power from the West to the East

because of fast growing nations like Chinaas well as India and others. However, he

reminded the audience, that one has to

keep in mind that Asia is not homogenous.

At the end, the former German Chancellor

is convinced, the Chinese will go their own

way like the Japanese, the South Americans

and smaller nations in Europe. But the

world should learn two key words: respect

and cooperation!


21/49


(Henry Kissinger)

(Helmut Schmidt)

40

(DIE

ZEIT) (Theo Sommer)

5

1980


22/49


China meets Europe evening

The China meets Europe evening hasalways been a very special event duringthe Hamburg Summit. Each time it is held

in a different location and it is dedicatedas a networking platform in a nice and

inspiring atmosphere. This time it took

place in the beautiful, historic building of

the Hanseatisches Oberlandesgericht, the

Regional Appeal Court of Hamburg. The

President of the Court, Erika Andress, and

Nikolaus W. Sches, Conference Chairman

and former President of the Hamburg

Chamber of Commerce, gave the guests

a very warm welcome to the evening.

During the evening, it is also traditionalto honour a company with the China Europe

Sustainability Award. The Sustainability

Award honours corporations for their

strong commitment to green development

and sustainability and it goes to a European

or a Chinese company alternately. This year

the winner was the State Grid Corporation

of China, represented by its Chief Financial

Officer Li Ruge. Conference Chairman

Sches described State Grid as a company

that has undertaken an outstanding

commitment to follow ecological principles

and to implement sustainability in its

business strategy and actions. As a Chinese

company is being honoured, the laudation

came from a European: This year it was

Dr. Martin Brudermller, Vice Chairman

of the Board of Executive Directors of

the 2010 awarded company BASF.

State Grid really deserves the award,

Dr. Brudermller explained, becauseas the first corporation in China, State

Grid published a white book on green

development cementing its on-going

commitment to sustainable development.

The white book also presented the State

Grids goals in this field. For example:

Chinas largest electrical network provider

plans to reduce carbon dioxide emissions

by around 20 % of Chinas overall emission

until 2020. Furthermore its going to create

a distribution platform for green energycapable of processing solar, wind, water

and geothermal energies. Last but not least,

State Grid is one of the major proponents

of electrical mobility. Dr. Brudermller

concluded: This commitment will not only

produce a greener and more eco-friendly

development, it will also create the

opportunity for economic growth.

In his words of thanks Li Ruge affirmed

his high commitment to green energy:

Sustainable development is a key issue,

he said and invited the Europeans: Weshould work together to tackle the

problems we are facing. He also described

the tremendous challenges his company

has to deal with: The demand for electricity

has grown 15 times in the past few years

and it will grow rapidly until 2020. We have

to make large investments to build a strong,

smart grid to transport electricity.

Chairman Sches concluded the ceremony

by saying: We wish the State Grid

Corporation of China every success in all itsendeavours to keep up the commitment

and to focus on the goals of sustainability

and ecology. Please become the Chinese

leader in the hydrogen economy just as

Hamburg is the leader of the hydrogen

economy in Germany - if not in Europe.

After the ceremony the guests had the

chance to network while enjoying food and

drinks in the beautiful historic building.


23/49


(Hanseatisches Oberlandes-

gericht) (Erika Andress)

W

(Nikolaus W. Sches)

2010

(Martin Brudermller)

2020

20%

15

2020


24/49


Panel: Smart Cities

The question, What are smart cities?can be answered very easy: Smart

cities are full of smartness, Dr. Mo Fan,

Chairman of Shanghai YOUDE Energy-

saving Tech Development, joked at the

beginning. All panellists agreed that it

needs a combination of hard and soft facts

to make a city really smart. Furthermore,

the discussion proved that there are at least

several different definitions. For us smart

city means all kind of infrastructure which

is connected, Li Ruge, CFO of State GridCorporation of China, said. For Wolfgang

Hofheinz, President of the German

Commission for Electrical, Electronic and

Information Technology, smart means one

plug fits all, especially when it comes to

electric mobility. For Dr. Dahai Yu, Board

Member of Evonik Industries, there is no

question that a smart city should offer

people a very high standard and involve

people in discussion. Steve Owen, SeniorVice President of NXP Semiconductors

identification sector, thinks the challenge

is how you can make it sustainable. Dr. Mo

is convinced that electric transportation is

the key point. At the end Dr. Li Jie, Executive

Vice President of Daimler Northeast Asia,

summed it up in one point: Smart cities are

satisfying peoples needs.

In any case it is a very hard challenge

to transform existing agglomerations

into smart cities, especially in China withits megacities. And it will become more

important in the future because the trend

of urbanisation will continue. Of course a

high-tech infrastructure consists of basic,

connected information systems as well

as modern public transportation, energy-

efficient buildings and attractive public

places. Smart technologies are needed to

improve the efficiency and effectiveness

of utility systems and services, but also

to make already existing power, transport,

water and waste systems greener. But it not

only has to protect the environment andbe sustainable, it also has to be safe. That

is a top priority because we have seen black

outs, Dr. Li Jie mentioned.

During the discussion, moderated

by Dr. Sabine Stricker-Kellerer, Member

of the German-Chinese Dialogue Forum,

all panellists agreed on another point:

building smart cities is not only a technical

challenge. A town where people want to

live has to have a personality, maybe even

a soul. That means it has to offer music,theatres, art, historic buildings, social and

other cultural events. These soft facts

are fundamental to turning people into

citizens. Thats a problem especially in

Asia, Dr. Li Jie explained: People still do

not feel home, they only work in a city. And

there is another question when discussing

citizenship: how to involve people in

public discussion? How can consumers,

politicians, real estate builders, all the

other people and institutions involved

communicate? There is no doubt thatthey should work together to tackle the

problems. Dr. Li Jie recommended: All the

stakeholders have to stick together to find

a win-win solution. Cities need a public

discussion about quality of life. To make

it successful city-governments have to be

smart as well.

All these hard and soft facts have

an impact on the process of changing

agglomerations into smart cities. But

it would be a mistake to only discussmegacities in this respect. We dont only

focus on big cities but also on second- and

third-tier cities, Li Ruge said. Dr. Mo added:

Dont forget we have a lot of medium and

small cities. They often make life more

liveable for people in Europe as well as

in China. An argument Wolfgang Hofheinz

fully agreed with: I am living in a very small

city and I think that it is a smart city


25/49


(Wolfgang Hofheinz)

(Steve

Owen)

(Sabine Stricker-

Kellerer)


26/49


Panel: Raw material supply for China and Europe

The global competition for raw materialshas become quite fierce with therapid economic growth and increasing

consumption in emerging countries, in

particular China. For developed countries

it is not very easy to respond to the fast

change and to ensure supply. One possible

strategy could be efficient use and

development of innovative technologies

to replace certain raw materials, Matthias

Nass, Chief International Correspondent of

the German weekly DIE ZEIT and moderator

of the panel Raw material supply for China

and Europe, argued. However he asked:

Have the Europeans already understood

the changes and its consequences?

It has obviously taken a while to

understand that there has been a shift

in international power and that the

Europeans do not set the rules anymore,

Reinhard Btikofer, Member of European

Parliament and Rapporteur on the EU rawmaterials strategy, admitted. However, the

EU is now moving forward on all fronts,

he explained referring to the example of

rare earths. Four years ago it had not been

on the agenda of the Commission but today

there is a European competence network

for rare earths where big companies are

engaged. Nevertheless Dr. Ignace Van

Meenen, Deputy CEO of Shipping Company

Rickmers Group, disagreed: It has to be

faster, it has to be now. We cannot wait

another year.

Chak Mei Hing, President of Heung

Kong Group, which produces aluminium,

stressed also the importance of efficient

use. We recycle the key materials, we try

to use as little as possible of natural stocks,

she explained. Yan Heming, Chairman of the

China National Ship Recycling Association,

concurred with her, he had to admit:

Ship recycling is not yet a big industry.

But it has to grow in the future because

we need to build a circular economy,

overconsumption of natural resources is

not good for the environment. Natural

resources are limited but the recycling of

used materials is unlimited.

Nevertheless, conflicts in the Chinese

Seas which always involves raw materialsshow that the competition is getting fiercer.

Dr. Frank Umbach, Associate Director of the

European Centre for Energy and Resource

Security, is convinced that it does not

lead directly to political or even military

conflicts. However, the development

of such disputes is often unpredictable

and therefore we need methods and

mechanics to solve such conflicts, we need

to set up a better institutional framework,

he added. At the end of the day that means

more cooperation and cohesion of efforts,

especially between China and Europe. They

have the same problems and the same

interests.

The most fundamental problem, as Dr.

Van Meenen added, is that raw materials

are always found where they are notneeded and vice versa. That does not only

mean transportation but also leads directly

to the necessity of cooperation.

On this point the panellists all

agreed. The possibility to reduce emission

and to improve efficiency depends on

modern technology. You have very good

technology, Chak Mei Hing said to her

European counterparts, so we have a great

prospect to cooperate. And Yan Heming

added: Now we are globalised and tryingto promote global peace. When we have

a problem dont blame each other, lets sit

down and discuss because there wont be

a problem we cannot solve.


27/49


(DIE

ZEIT)

(Matthias Nass)

(Reinhard

Btikofer)

(Ignace Van

Meenen)

.

(Yan

Heming)

(Frank Umbach)


28/49


Keynote Speeches on Finance

In another keynote session at the secondconference day three keynote speakers

focused on financial aspects of EUChina

relations. Peter Praet, Chief Economist

of the European Central Bank, gave the

participants very intensive insight into

the European debt crisis and the reforms

that had already taken place. Following

the collapse of Lehman Brothers in

2008, some of the internal and external

imbalances in the US economy have

now begun to be corrected. However,

Praet warned: The adjustment will onlyremain durable, if efforts to complete the

necessary reforms continue. Looking at

the EU, Praet noted that the euro area as

a whole was not imbalanced prior to the

crisis nor is it today. However, significant

intra-euro imbalances, generally between

the Southern and the Northern euro-

countries, were covered in terms of

current account positions, competitiveness

and public finances. Nevertheless, Praet

recognised that a significant process ofrebalancing in the euro zone is also on the

way: Budgetary deficits are being reduced,

competitiveness in vulnerable countries is

being restored and banks increased their

capital buffers.

However, some of the initial design

flaws in the euro areas governance

structure still need to be fixed permanently.

This requires a concerted effort from

governments to complete the Economicand Monetary Union, according to Praet.

In his opinion the Great Rebalancing

of the world economy is a painful but

necessary process and every continent

must continue making every effort to

ensure that this process remains durable.

Professor Mao Zhenhua, Director of

the Institute of Economic Research at

Renmin University, saw as well a necessity

of rebalancing, but also for the Chinese

economy. We are in a quite challenging

situation for two reasons, he explained.Firstly, growth in GDP declined to a level

which China did not face during the

last years. Secondly, the structure of the

national economy needs to be changed,

because China relied too much on exports.

Professor Mao demanded: We need a

new driver and this should be domestic

consumption. We must change from the

factory of the world to the biggest market

of the world. But therefore the income of

the people has to grow; China has to builda new middle class which should be the

main spender in the future. We need to

move resources from the public sector to

the private sector, he explained. However,

can any country keep growing at 10 per

cent forever?, moderator Quentin Peel,

Chief Correspondent and Associate Editor

of Financial Times, asked. Professor Maos

answer was quite clear: a transition is not

easy and it will have an impact on theeconomic power of the country. Professor

Mao: In the next decade Chinas economy

will grow at sub-high speed.

As last keynote speaker of this session,

Dr. Werner Hoyer, President of the European

Investment Bank, gave a fairly optimistic

view on the future role of Europe. We live

in an environment where new centres of

power gain increasingly more influence

and old traditional geopolitical patterns

suddenly no longer apply, he explained.

There is also no doubt that the EUs sharein world economy will decline. Dr. Hoyer:

The world around us is getting stronger

and we need to adapt. Only by focusing

on innovation and investment Europe can

trade and grow. With the reforms currently

underway, Europe has to construct a more

resilient financial landscape, boost growth

and support job creation. And the EU is

doing a good job here!, Dr. Hoyer told the

audience. Maybe these days the view is

affected by the protracted financial andeconomic downturn of the continent, but

I am convinced, he concluded, that there

is more to Europe than this, that if we focus

on the bigger picture and think long-term,

beyond the current crisis, we can be self-

confident about the future!


29/49


(Peter Praet)

2008

GDP

10%

(Quentin Peel)

(Werner Hoyer)


30/49


Panel: Strategies for China and Europe in a multipolar world

The global economic and governancesystem is in a situation of change anduncertainty; there are a number of great

challenges global warming, inequality

within society, ageing population which

are not only economic problems but also

social ones. The question is how business

people and politicians can find a position

to rethink and adapt their strategies. Arethey prepared for what the future brings

and the challenges they face?

We have grasped the trend, Lu

Jianzhong, President of Shanghai Zhenhua

Heavy Industries Co. (ZPMC), answered

when he was asked by moderator Dr.

Monika Strk, Secretary General of the

German Chinese Dialog Forum, how he

identifies opportunities and challenges

and which role Europe plays in his plans.

We place our focus on different countries,he added, not only on China, the EU and

the US because the influence of emerging

countries is getting bigger and bigger.

Xu Weili, Chairwoman of the Harbin

Touping Group, is actually more focused

on Germany: It is a country with a very

powerful industry. But she also announced,

that the companys next step will be to

Eastern Europe.

The world is going to be more multipolar.

To keep the door open for trade on both

sides is essential, Professor Dennis Snower,

President of the Kiel Institute for the World

Economy, said. First of all its in the interest

of all partners that the EU gets its home

in order. Only then Europe can be a stable

partner in the world economy and be able

to do a lot more to help Chinese investorscoming to Europe, Professor Snower

added. He emphasised the fact that there

is much space for further improvement by

presenting a few facts: only 6 % of Chinese

investments go to Europe, 3 % to the US,

13 % to South America but 71 % to Asia.

Jerzy Pomianowski, then Under-

Secretary of State at the Polish Ministry of

Foreign Affairs, reported that there are new

initiatives of his government to foster the

relationship with China as it is in the interestof both sides. But he prefers common EU

activities because it is important that the

new and the old members of the EU help

each other and define a common strategy.

Lu Jianzhong confirmed that his country

has a great interest in Europe and Chinese

businessmen spend a lot of time studying

this huge market. However, differences

in culture and lack of understanding are

actually barriers, but he has his own view

on the matter: It is important what

happens in the long term, even if you have

short term problems. And, in his opinion,

the mind-set is very important. We need

to build up confidence, trust has to be

built from both sides, he said and, in

speaking to the European participants:

You need to open your mind, try to domore with Chinese companies. In this

respect he praised the Hamburg Summit

as a perfect event.

Xu Weili highlighted an important

point: Small and medium companies

do not know anything about European

countries and vice versa. She sees a

big lag of information on both sides.

Therefore she welcomed that the Chinese

Ministry of Foreign Affairs has established

a department to foster cooperation ofsmall and medium-sized enterprises with

companies abroad. She has no doubt that

many of them want to go abroad but cannot

handle it yet. Pomianowski agreed with her

on the great potential in medium-sized

companies in China. They need signals to

come to Europe, he said. And for him the

competition is no problem if it is possible

to create a system of mutual benefit.


31/49


(Monika

Strk)

(Dennis Snower)

6 % 3 %

13 % 71 %

.

(Jerzy Pomianowski)


32/49


Conference Closing

The rise of China is the most significanteconomic development of our time, saidKarel De Gucht, European Commissioner

for Trade, with view to the outstanding

performance of the Asian country in

the last three decades. Simultaneously,

the economic and political relationship

between Europe and China has changed

dramatically. There is now a vast sea of

commerce, De Gucht said and that has

serious consequences: Europe and China

are now in the same boat. However, thissituation is not only related to economic

growth and prosperity but also to common

challenges. In his keynote speech at the last

day of the Hamburg Summit De Gucht

argued: We will both be affected by how

well the other one manages to overcome

its challenges.

However, these challenges differ

in Europa and China. In Europe the

architecture of the Eurozone has to be

repaired and expanded in order to returnto growth. Key issues are: reducing public

debt, central oversight of national budgets,

solidarity between member states, unity for

the banking system and more flexibility in

labour markets. China on the other hand

has developed from a low-income to a

middle-income society. That forces the

country and its government to dramatic

changes. High income economies are

characterised by mass consumption, by

innovation and by technology-intensive

production, De Gucht explained. The role

of government has to shrink, the market

must lead.

To tackle these problems the relationship

between Europe and China is relevant in

two ways. First, both are close partners with

much to gain from each other. Nevertheless

the relationship has its complications, for

instance market access, subsidies for state

owned enterprises in China, or treatmentof foreign direct investors. We need to

combat unfair trading practices, whetherthrough the WTO or our own trade defence

system, De Gucht said. Second, it is about

technology-transfer. European companies

are world leaders in areas where China

needs to develop: trade in services, clean

technologies and healthcare for example.

Direct investments are key elements in this

strategy. So De Gucht resumed: One piece

of work we have before us is to negotiatean investment agreement. European

investors would have better access to

Chinese markets, it has to create a simpler

framework and it may lead to joint work on

government financing for exports.

Europe and China have started a

dialogue on innovation that has to

be widened in the future to discuss

intellectual property rights as well as an

overall regulatory environment. When

asked by moderator Shada Islam, Head of

Policy at the Brussels think-tank Friends

of Europe, De Gucht explained that there

is also a need to cooperate in multilateral

talks in the WTO, because neither China

nor Europe will be successful without the

system of global trade rules. The way that

China develops in the coming years is

crucial for the whole world and it is not

easy. But De Gucht believes that Chinas

new leaders understand the necessityof this kind of reform to guarantee the

sustainable growth of Chinas economy in

the decades to come. And Europe stands

ready to work with them.

In his closing remarks Conference

Chairman Nikolaus W. Sches summarised:

Looking back we definitely can say that we

have achieved our goal. 440 participants

from 21 countries discussed a variety

of current political and economic issues

at the 5th Hamburg Summit: Chinameets Europe. Considering the outcome

he remarked: We learned a lot from

each other, about each other and most

importantly in dialogue with each other.

Sches concluded: Again, we remain

wiser, better informed and better connected

than we were when we arrived two

days ago.


33/49


(Karel De Gucht)

WTO

(Shada Islam)

WTO

W (Nikolaus W. Sches)

5

21 440


34/49


Site Visits

The port of Hamburg is still the backboneof Hamburgs economy and, with itsinternational flair, always an attractive

destination. This time a guided tour

brought the conference participants to

a special place inside the huge areal: the

HHLA Container Terminal Altenwerder, one

of the most modern container facilities in

the world. Although it celebrated its 10thanniversary in 2012, the terminal still

represents State of the Art technology in

regard to port terminals. The visitors were

taken directly to the quay wall, where they

came face to face with the large cargo

vessels and received a good impression of

modern container handling. On its way to

the site the bus tour passed the historical

Speicherstadt with its traditional

and famous warehouses. Finally they

crossed the Khlbrandbrcke with anoverwhelming view over the whole expanse

of the harbour.

Besides its famous port, Hamburg has a

second large industrial centre: the aviation

industry. Together with many other

companies the Airbus site in Finkenwerder

with the final assembly lines of Airbus A318,

A319, A320 and A321 makes Hamburg

the third biggest aviation site worldwide

after Toulouse and Seattle. Airbus has

become one of the worlds leading aircraft

manufacturers. A visit to the production

facilities along the river Elbe is doubtless

an exciting experience because it gives an

in-depth look at the production, especially

of the major component assembly line of

the A380, the biggest passenger aircraft

of the world. In addition to the HamburgSummit participants Chinas Minister of

Science and Technology, Wan Gang, also

paid a visit to Airbus.

A third guided tour brought a

group of visitors to the most impressive

construction site of the city, the concert hall

Elbphilharmonie. This futuristic building

not only represents Hamburgs musical and

cultural future but is also a new landmark

of the city. As part of the new quarter

Hafencity, the Elbphilharmonie will bea unifying work of art: an exceptional

experience of architecture, music and

direct proximity to the water, a house for

Hamburg and its citizens. Its heart is the

Grand Hall; with a seating capacity of 2,150

music lovers, it will be one of the finest of

its kind. The plaza, at a height of 37 meters,

which is accessible to the general public,

reveals a spectacular view of the harbour,

the city and the people. Even from afar one

can behold the shining glass wave soaring

over the harbour, a superior architecture

from famous Swizz architects Herzog &

de Meuron that will shape the image of

Hamburg internationally.

Last but not least, there was a tour

in a hybrid fuel-cell bus to the hydrogen

refuelling station. Hydrogen is quicklybecoming one of the most promising

technologies for the future of emission

free mobility and energy storage. Hamburg

has ambitious environmental targets and

therefore it has long been involved with

fuel-cell bus trials. Hamburgs public

transportation company Hamburger

Hochbahn currently operates four hybrid

fuel-cell buses in regular service. The plan

is to expand the fleet to seven in 2013

and to continue to support emissionfree transport and its infrastructure.

During the tour, the group also visited

the hydrogen refuelling station, an

investment of the energy company

Vattenfall. It serves as a major milestone

in the effort to make hydrogen accessible

for the public and is part of Germanys

broader plan to have 50 hydrogen stations

operational by 2015.


35/49


HHLA

Altenwerder

2012

(Speicherstadt)

(Khlbrandbrcke)

(Finkenwerder)

A318,A319,A320

A321

A380

- (Elbphilharmonie).

(Hafencity)

2,150

37

Herzog & de Meuron

Hamburger Hochbahn

2013

7

Vattenfall

2015 50


36/49


Ever since it was initiated in 2004, the HamburgSummit has imposed a significant influenceupon the communication and cooperation in

areas including economy, science and technologyand other areas between China and Europe andbetween China and Germany.

Wan Gang, Vice Chair of the 11 th Chinese PeoplesPolitical Consultative Conference (CPPCC) and Ministerof Science and Technology of the Peoples Republic ofChina, November 28, 2012

I welcome very much the fact that the Ham-burg Summit developed into an importantforum of exchange between European andChinese representatives of politics, economyand society.

Angela Merkel, Chancellor of the Federal Republic ofGermany, March 6, 2012

After the establishment of the HamburgSummit, a forum between China and Europe,it played the role of a connecting bridge forthe cooperation between both sides and madevaluable contributions to further the mutualunderstanding between China and Europe andto cooperation for mutual benefit.

Wang Qishan, then Vice Premier of the State Council ofthe Peoples Republic of China, October 30, 2012

The Hamburg Summit has definitely contrib-uted to this success since 2004. It has becomea central platform for German-Chinese and

European-Chinese cooperation.Annette Schavan, then Minister of Education andResearch of the Federal Republic of Germany,November 28, 2012

The Hamburg Summit has been held foreight years so far. With the unremitting efforts

of China and Germany, it has now become acommunication platform for the industrialand commercial sectors of China and the EUto achieve mutual understanding, elaborateinsights, and reach a consensus.

Lu Yaohua, Executive Vice Chairman of China Federationof Industrial Economics, November 29, 2012

The quality of our talks yesterday and todayshows clearly why the Hamburg Summit hasbecome over its five editions one of themost important Sino-European fora.

Dr. Werner Hoyer, President of the European InvestmentBank, November 30, 2012

2004

11

,2012 11 28

(AngelaMerkel), 2012 3 6

, 2012 10 30

2004

(Annette Schavan), 2012 11 28

, 2012 11 29

(WernerHoyer), 2012 11 30

Views on the Hamburg Summit


37/49


The way that China develops in the comingyears is of crucial importance not only forthe Chinese people but also for Europe and the

rest of the world.Karel De Gucht, Commissioner for Trade of the EuropeanCommission November 30, 2012

EU and China need each other and we have noalternative but to work together, especially inthese times of generalised economic instability

and uncertainty.Prof. Dr. Georgios Papastamkos, Vice President of theEuropean Parliament, November 28, 2012

By no means would we want China to begincoughing for then the whole world mightfall ill.

Olaf Scholz, First Mayor and President of the Senate ofthe Free and Hanseatic City of Hamburg, November 29,2012

Investment and innovation these are twomajor areas where cooperation built on trustcan and must strengthen the partnershipbetween Europe and China.

Dr. Martin Brudermller, Speaker of German businessfor China of APA (Asia Pacific Committee of GermanBusiness); Vice Chairman of the Board of ExecutiveDirectors, BASF SE, November 29, 2012

The pre-crisis period is sometimes referred toas the Great Moderation and the onset of thecrisis in 2007 and 2008 as the Great Reces-

sion. Today Id like to provide an additionalperspective and suggest that we may now beexperiencing a Great Rebalancing.

Peter Praet, Chief Economist and Member of the Execu-tive Board of the European Central Bank, November 30,2012

The period under Chinas new leadership will

become a historic period because the newconditions require significant adaptation.

Dr. Henry A. Kissinger, Chairman, Kissinger Associates,Inc.; former US Secretary of State, November 29, 2012

The Chinese Currency is on its way to becomethe third world currency next to the US-Dollarand the Euro. That might take another 10 years,but it will have positive implications.

Jrgen Fitschen, Chairman, OAV - German Asia-PacificBusiness Association; Co-Chairman of the ManagementBoard, Deutsche Bank AG, November 29, 2012

(Karel De Gucht),2012 11 30

(Georgios Papastamkos), 2012 11 28

(Olaf Scholz), 2012 11 29

APA

(MartinBrudermller), 2012 11 29

2007 2008

(Peter Praet), 2012 11 30

Kissinger Associates, Inc. (Henry A. Kissinger), 2012 11 29

10

(OAV) (Jrgen Fitschen),2012 11 29

Quotes


38/49


Sponsors

Gold Sponsors

Supporters

Knowledge Partner


39/49


Partners

Co-Hosts

Summit Partners

Academic Partners

Media Partners

www.cfie.org.cn www.catis.org.cn

www.china.ahk.de www.oav.dewww.eurochambres.eu www.euccc.com.cn

www.giga-hamburg.de www.ifw-kiel.de

www.bfchina.de

www.pcne.tvwww.owc.de/gcchina/www.xinbao.de

www.china-contact.cc www.dpa.com

www.english.caixin.com


40/49


Programme

Wednesday, November 28, 201220121128

Parallel site visitsa) Guided bus tour to the HHLA Container Terminal Altenwerder one of the most modern facilities in the worldb) Guided bus tour to the construction site of the concert hall Elbphilharmonie Hamburg Hamburgs new landmarkc) Guided bus tour to the Airbus production facilitiesd) Guided tour with a hybrid fuel-cell bus to the hydrogen refuelling station

a) HHLA Container Terminal Altenwerder b) Elbphilharmonie c) (Airbus) d)

Opening Dinner Keynote Speech by Wan Gang, Vice Chair of the 11th Chinese Peoples Political Consultative Conference (CPPCC), Minister of

Science and Technology of the Peoples Republic of China Keynote Speech by Annette Schavan, Federal Minister of Education and Research of the Federal Republic of Germany Keynote Speech by Prof. Dr. Georgios Papastamkos, Vice President, European Parliament, Belgium

/


41/49


Thursday, November 29, 201220121129

Official Opening of the Conference Words of Welcome by Fritz Horst Melsheimer, President, Hamburg Chamber of Commerce, Germany Words of Welcome by OlafScholz, First Mayor and President of the Senate of the Free and Hanseatic City of Hamburg, Germany

Keynote SpeechesIntroduction of the Keynote Session: Nikolaus W. Sches, Conference Chairman; Former President, Hamburg Chamber of Commerce; Shipowner, Reederei F. Laeisz,

Germany

WLaeisz

Speakers: Innovation and development - using chances through cooperation by Wan Gang, Vice Chairman of the 11th Chinese Peoples

Political Consultative Conference (CPPCC), Minister of Science and Technology of the Peoples Republic of China The EUs response to the global financial crisis and sovereign debt crisis by Elmar Brok, MEP (Germany), Chairman of the Foreign

Affairs Committee, European Parliament, Belgium Europe and China The way forward from an economic and financial markets perspective by Jrgen Fitschen, Chairman, OAV

German Asia-Pacific Business Association; Co-Chairman of the Management Board, Deutsche Bank AG, Germany Interdependence, strengthening cooperation how to create a better future by Lu Yaohua, Executive Vice Chairman, China

Federation of Industrial Economics, P.R. China Europe and China The need for deeper trust by Dr. Martin Brudermller, Speaker of German business for China of APA (Asia

Pacific Committee of German Business), Hong Kong Service Trade: Chinas New Growth Engine? byYao Shenhong, Executive Vice Chairman and Secretary General, China Association

of Trade in Services, P.R. China

MEP

(OAV)

APA

Chair: Dr. Theo Sommer, Editor-at-large, DIE ZEIT, Germany (DIE ZEIT)


42/49


Programme

Panel: Current situation of the world economy: the roles of China and Europe

Speakers: Dr. Thomas Enders, Chief Executive Officer, EADS, Netherlands Prof. Dr. h.c. Heiner Flassbeck, Director of Division on Globalization and Development Strategies, UNCTAD, Switzerland Dr. Axel Heitmann, Chairman of the Board of Management, LANXESS AG, GermanyLu Jianzhong, President, Shanghai Zhenhua Heavy Industries Co., Ltd (ZPMC), P.R. China Capt. Xu Lirong, Director and President, China Shipping (Group) Company, P.R. China

(UNCTAD) ()

Moderation: David Marsh, Chairman, Official Monetary and Financial Institutions Forum (OMFIF), U.K.,

Panel: EU-China trade relations: an unbalanced partnership?

Speakers: Peter Berz, Head of Unit, DG Trade, European Commission, Belgium Dr. Martin Brudermller, Speaker of German business for China of APA (Asia Pacific Committee of German Business); Vice

Chairman of the Board of Executive Directors, BASF SE, Hong KongHuang Yuezhong, Chairman, Anhui Federation of Industrial Economics, P.R. China

Dr.-Ing. Axel Stepken, Chairman of the Board of Management, TV SD, Germany John Stoop, Member of the Board, EUROCHAMBRES, BelgiumYao Shenhong, Executive Vice Chairman and Secretary General, China Association of Trade in Services, P.R. China

APA; , TV

Moderation: Shada Islam, Head of Policy, Friends of Europe, Belgium


43/49


Panel: Liberalisation of the RMB

Speakers: H.E. Hamad Buamim, Director General, Dubai Chamber of Commerce and Industry, UAE Robert Koller, Partner, Head of Debt Capital Markets Germany, Simmons & Simmons, Germany Prof. Dr. Mao Zhenhua, Chairman, China Chengxin Credit Management Co. Ltd.; Director, Institute of Economic Research, Renmin

University, P.R. China Hakan Wohlin, Managing Director, Global Head of Debt Origination, Capital Markets & Treasury Solutions, Deutsche Bank AG

London, U.K.

/,; ,

Moderation: Dr. Margot Schller, Deputy Director, GIGA Institute of Asian Studies, Germany GIGA

Power Talk: The transatlantic view: a new China with new leaders?

Speakers: Dr. Henry Kissinger, Chairman, Kissinger Associates, Inc.; former US Secretary of State, U.S.A. Helmut Schmidt, former Chancellor of the Federal Republic of Germany

Moderation: Dr. Theo Sommer, Editor-at-large, DIE ZEIT, Germany(DIE ZEIT)

China meets Europe Evening


44/49


Programme

Friday, November 30, 201220121130

Panel: Smart cities

Speakers: Wolfgang Hofheinz, President of the DKE German Commission for Electrical, Electronic and Information Technology, Germany Dr. Li Jie, Executive Vice President, Responsible for External Affairs, Daimler Northeast Asia Ltd., P.R. ChinaLi Ruge, Chief Financial Officer and Chief Accountant, State Grid Corporation of China, P.R. China Dr. Mo Fan, Chairman, Shanghai YOUDE Energy-saving Tech Development Co. Ltd., P.R. China Steve Owen, Senior Vice President, Global Sales Identification, NXP Semiconductors, Germany Dr. DahaiYu, Member of the Executive Board, Evonik Industries AG, Germany

(DKE)

, ,

Moderation: Dr. Sabine Stricker-Kellerer, Member of German-Chinese Dialogue Forum, Germany-

Panel: Raw material supply for China and Europe

Speakers: Reinhard Btikofer, MEP (Germany), Rapporteur on EU Raw Materials Strategy, European Parliament, BelgiumChak Mei Hing, President, Heung Kong Group, P.R. China Dr. Frank Umbach, Associate Director, European Centre for Energy and Resource Security (EUCERS), Kings College, U.K. Dr. IgnaceVan Meenen, Deputy Chief Executive Officer and Chief Financial Officer, Rickmers Group, GermanyYan Heming, Chairman, China National Shiprecycling Association, P.R. China

, , (EUCERS) ,

Moderation: Matthias Nass, Chief International Correspondent, DIE ZEIT, Germany, (DIE ZEIT)

Keynote Speeches on Finance

Speakers: The Great Rebalancing of the euro area, China and the global economy by Peter Praet, Chief Economist and Member of the

Executive Board, European Central Bank, Germany


45/49


The economic transformation towards sustainable growth by Prof. Dr. Mao Zhenhua, Chairman, China Chengxin CreditManagement Co. Ltd.; Director, Institute of Economic Research, Renmin University, P.R. China

The strategic dimension of the euro and the European Union in the globalized world by Dr. Werner Hoyer, President, European

Investment Bank, Luxembourg

/

Moderation: Quentin Peel, Chief Correspondent and Associate Editor, Financial Times, Germany

Panel: Strategies for China and Europe in a multipolar world

Speakers:Lu Jianzhong, President, Shanghai Zhenhua Heavy Industries Co., Ltd (ZPMC), P.R. China Jerzy Pomianowski, Under-Secretary of State, Ministry of Foreign Affairs, Poland Prof. Dr. Dennis Snower, President, Kiel Institute for the World Economy, GermanyXu Weili, Chairwoman, Harbin Touping Group Corporation, P.R. China

().

,

Moderation: Dr. Monika Strk, Secretary General, German Chinese Dialogue Forum, Germany

Keynote Speech

Speakers: Karel De Gucht, EU Commissioner for Trade

Moderation: Shada Islam, Head of Policy, Friends of Europe, Belgium

Official Closing of the Conference

Nikolaus W. Sches, Conference Chairman; Former President, Hamburg Chamber of Commerce; Shipowner, Reederei F. Laeisz, GermanyWLaeisz


46/49


Speakers

Peter Berz, Head of Unit, DG Trade, European Commission, Belgium

Elmar Brok,MEP (Germany), Chairman of the Foreign Affairs Committee,

European Parliament, Belgium

Dr. Martin Brudermller, Speaker of German business for China of APA(Asia Pacific Committee of German Business); Vice Chairman of the Board of

Executive Directors, BASF SE, Hong Kong

H.E. Hamad Buamim, Director General, Dubai Chamber of Commerce and

Industry, UAE

Reinhard Btikofer,MEP (Germany), Rapporteur on EU Raw Materials

Strategy, European Parliament, Belgium

Chak Mei Hing, President, Heung Kong Group, P.R. China

Karel De Gucht, Commissioner for Trade, European Commission, Belgium

Dr. Thomas Enders, Chief Executive Officer, EADS, Netherlands

Jrgen Fitschen, Chairman, OAV - German Asia-Pacific Business Association;

Co-Chairman of the Management Board, Deutsche Bank AG, Germany

Prof. Dr. h.c. Heiner Flassbeck,Director of Division on Globalization and

Development Strategies, UNCTAD, Switzerland

Dr. Axel Heitmann,Chairman of the Board of Management, LANXESS AG,Germany

Wolfgang Hofheinz,President of the DKE German Commission for Electrical,

Electronic and Information Technology, Germany

Dr. Werner Hoyer, President, European Investment Bank, Luxembourg

Huang Yuezhong,Chairman, Anhui Federation of Industrial Economics, P.R.

China

Shada Islam,Head of Policy, Friends of Europe, Belgium

Dr. Henry Kissinger,Chairman, Kissinger Associates, Inc.; former US Secretary

of State, U.S.A.

Robert Koller,Partner, Head of Debt Capital Markets Germany, Simmons &

Simmons, Germany

Dr. Li Jie,Executive Vice President, Responsible for External Affairs, Daimler

Northeast Asia Ltd., P.R. China Li Ruge,Chief Financial Officer and Chief Accountant, State Grid Corporation

of China, P.R. China

Lu Jianzhong,President, Shanghai Zhenhua Heavy Industries Co., Ltd (ZPMC),

P.R. China

Lu Yaohua,Executive Vice Chairman, China Federation of Industrial Economics,

P.R. China

Prof. Dr. Mao Zhenhua,Chairman, China Chengxin Credit Management Co.

Ltd.; Director, Institute of Economic Research, Renmin University, P.R. China

David Marsh,Chairman, Official Monetary and Financial Institutions Forum

(OMFIF), U.K.

Fritz Horst Melsheimer,President, Hamburg Chamber of Commerce, Germany

Dr. Mo Fan,Chairman, Shanghai YOUDE Energy-saving Tech Development

Co. Ltd., P.R. China

Matthias Nass,Chief International Correspondent, DIE ZEIT, Germany Steve Owen,Senior Vice President, Global Sales Identification, NXP Semicon-

"hamburg summit: china meets europe" - documentation 2012

Documents