"Hamburg Summit: China Meets Europe" - Documentation 2012

Documentation Brochure 2012 2012
November 28 to 30, 2012 2012 1128 30

Hamburg, Germany www.hamburg-summit.com
The Hamburg Summit: China meets Europe Documentation Brochure 2012
Table of Contents
04 Opening Dinner

20 Power Talk: The transatlan tic view: a new China with new leaders?
32 Conference Closing

08 Conference Opening

34 Site Visits
36 Views on the Hamburg Summit
14 Panel: Current situation of

the world economy: the roles of China and Europe
22 China meets Europe

evening
37 Quotes

16 Panel: EU-China trade

relations: an unbalanced partnership?
24 Panel: Smart Cities

38 Sponsors

26 Panel: Raw material supply

for China and Europe
39 Partners

18 Panel: Liberalisation of the

RMB
28 Keynote Speeches on
Finance
40 Programme

46 Speakers

30 Panel: Strategies for China

and Europe in a multipolar world
Imprint: HAMBURG CHAMBER OF COMMERCE International Department Jens Assmann Adolphsplatz 1 20457 Hamburg Germany Phone: +49 40 361 38-287 Fax: +49 40 361 38-494 E-Mail: jens.assmann@hk24.de www.hamburg-summit.com
Design: zwei:c Werbeagentur GmbH, Hamburg Photos: R. Magunia, K. Angerer Chinese Translation: Dr. Boesken & Partner GmbH, Hamburg Copy Date: July 4, 2013 All rights, changes and errors reserved.
Jens Assmann Adolphsplatz 1 20457 : +49 40 361 38 -287 : +49 40 361 38 -494 : jens.assmann@hk24.de : www.hamburg-summit.com
: zwei:c : R. Magunia, K. Angerer : Dr. Boesken & Partner GmbH 2013 7 4
The Hamburg Summit: China meets Europe Documentation Brochure 2012 3
Opening Dinner
Fritz Horst Melsheimer, President, Hamburg Chamber of Commerce, Olaf Scholz, First Mayor of Hamburg, and Wan Gang, Minister for Research and Technology, P.R. China (f.l.t.r.) (Fritz Horst Melsheimer) (Olaf Scholz) (f.l.t.r.)
his years Hamburg Summit will be a very special one, Fritz Horst Melsheimer, President of the Hamburg Chamber of Commerce, promised in his welcome address at the opening dinner. Just a few weeks before, the 18th National Congress of the Communist Party of China had taken place announcing the new Chinese leadership for the next decade. 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 Hamburgtypical Moin, Moin and thus exhilarated at least the German participants. In his keynote 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 as closer 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 welloff 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 the economic 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 to be 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. <<
Pleasant atmosphere: Friendly chat between Fritz Horst Melsheimer, Wan Gang, Conference Chairman Nikolaus W. Sches and Olaf Scholz during the opening dinner (Fritz Horst Melsheimer)W (Nikolaus W. Sches) (Olaf Scholz)
Melsheimer) 11 Moin Moin 2012 21 440 60 69 2 (Olaf Scholz) 2020 1986 40%
(Fritz Horst
(GDP) 2010 <<
Opening Dinner
Annette Schavan, then German Minister for Research, Prof. Georgios Papastamkos, Vice President, European Parliament, and Nikolaus W. Sches, Conference Chairman (f.l.t.r.) (Annette Schavan) (Georgios Papastamkos) W (Nikolaus W. Sches) (f.l.t.r.)
nnette Schavan, then German Minister 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. Both share 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 involves finding 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. Georgios Papastamkos, 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 that having 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 liberal global 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. <<
(Annette Scha-
van) W (Nikolaus W. Sches) << (Georgios Papastamkos) Impressions from the opening dinner in the Commerzsaal at the Hamburg Chamber of Commerce (Commerzsaal)
Conference Opening
Fritz Horst Melsheimer, President, Hamburg Chamber of Commerce, Olaf Scholz, First Mayor of Hamburg, and Nikolaus W. Sches, Conference Chairman, during the official conference opening (f.l.t.r.) (Fritz Horst Melsheimer) (Olaf Scholz) W (Nikolaus W. Sches) (f.l.t.r.)
n his words of welcome Fritz Horst Melsheimer, President of the Hamburg Chamber 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 shortly after the nomination of the new Chinese leadership and the re-election of USPresident 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 economic and 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 first priority 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 serious questions, 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 indepth information. <<
Fully packed conference room: Over 440 participants attend the Hamburg Summit 2012 440 2012

(Fritz Horst Melsheimer) 5 (Barack Obama) 50
(Olaf Scholz) 3 W (Nikolaus W. Sches) 30 GDP 10% 5
<<
Conference Opening
Wan Gang, Minister for Research and Technology, P.R. China, Elmar Brok, Chairman, Foreign Affairs Committee, European Parliament, and Jrgen Fitschen, Chairman, OAV - German Asia-Pacific Business Association, and Co-Chairman, Deutsche Bank (f.l.t.r.) (Elmar Brok) (OAV) (Jrgen Fitschen) (f.l.t.r.)
n his keynote speech Wan Gang, Minister of Science and Technology of the Peoples Republic 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 improved by 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 already visible, 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-Chief of 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, CoChairman 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 from China 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 ChinaEurope-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 most important 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. <<
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11
(Wan Gang) 2011
(Elma Brok) 2009 2014 2015 (DIE ZEIT) (Theo Sommer) (OAV) (Jrgen Fitschen)
- (Jrgen Fitschen) (Jrgen Fitschen) <<
China Europe Friendship awardee Jrgen Fitschen, OAV - German Asia-Pacific Business Association, and laudator Capt. Xu Lirong, President, China Shipping (Group) Company (f.r.t.l.) - (OAV) (Jrgen Fitschen) (f.r.t.l.)
Conference Opening
Lu Yaohua, head of CFIE delegation, and Dr. Martin Brudermller, Speaker of German business for China of APA (Asia Pacific Committee of German Business), and Vice Chairman, BASF (f.l.t.r.) (CFIE) APA (Martin Brudermller) (f.l.t.r.)
he Chinese have to transform their economic model, Lu Yaohua, head of 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 and financial 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 other through 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, but Dr. 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 cannot build 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 growthengine, he argued, that in the near future they should first focus on technologyintensive 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 his ideas, 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, Editorin-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. <<
12

APA (Martin Brudermller)
(DIE ZEIT) (Theo Sommer) <<

Yao Shenhong, CATIS, Dr. Martin Brudermller, Wan Gang, Dr. Theo Sommer, and Lu Yaohua , (CATIS) (Theo Sommer) Yao Shenhong forecasts additional growth through increasing trade in services Xu Lirong, China Shipping (Group) Company, gives an interview (f.t.t.b.) (f.t.t.b.)
Panel: Current situation of the world economy: the roles of China and Europe
Dr. Thomas Enders, CEO, EADS, Prof. Dr. Heiner Flassbeck, Director at UNCTAD, and moderator David Marsh EADS (Thomas Enders)UNCTAD (Heiner Flassbeck) (David Marsh)
he consequences of the debt crisis in the United States and the EU are very visible. 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 period of 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, but in 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 go to 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 businessmen 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 selfconfidently: 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. <<
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(David Marsh) (Xu Lirong) EADS << (Thomas Enders) UNCTAD (Heiner Flassbeck) Lu Jianzhong, President, ZPMC, Dr. Axel Heitmann, Chairman of the Board, LANXESS, and Capt. Xu Lirong, President, China Shipping (Group) Company (f.t.t.b.) (Axel Heitmann) (Axel Heitmann) (f.t.t.b.)
Panel: EU-China trade relations: an unbalanced partnership?
he global economy still faces numerous barriers and international trade remains often unbalanced. However, we are looking too much at statistics, we should 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 not is 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 disputes in 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
Yao Shenhong, Secretary General, CATIS, Dr. Martin Brudermller, Vice Chairman, BASF, and Dr. Axel Stepken, Chairman, TV SD (f.t.t.b.) (CATIS) (Martin Brudermller) (TV SD) (Axel Stepken) (f.t.t.b.)
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, because we 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 work together you must ensure that everything is under control, John Stoop, BoardMember 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 has already 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. <<
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(Martin Brudermller) (Peter Berz) 2020 GDP TV (Axel Stepken)
(John Stoop) (Shada Islam) <<
Huang Yuezhong, Chairman, Federation of Industrial Economics in Anhui, Peter Berz, Head of Unit, European Commissions DG Trade, and John Stoop, Member of the Board, EUROCHAMBRES (f.t.t.b.) (Peter Berz) (John Stoop) (f.t.t.b.)
Panel: Liberalisation of the RMB
Hakan Wohlin, Deutsche Bank, moderator Dr. Margot Schller and Prof. Dr. Mao Zhenhua, China Chengxin Credit Management Co. Ltd. (f.l.t.r.) (Hakan Wohlin) (Margot Schller) , (f.l.t.r.)
hina is the second largest economy in the world but its currency has not the same 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 convinced that 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, Managing Director 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 nonChinese residents to hold RMB?, moderator Dr. Margot Schller, Deputy Director of GIGA Institute of Asian Studies, asked. There are still few incentives but the situation 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 which will 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 the possible 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. <<
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GIGA (Margot Schller) (RMB) (Hamad Buamim) (Robert Koller) 2010 (Hakan Wohlin) 2016
<<
Hakan Wohlin, Deutsche Bank, Hamad Buamim, Dubai Chamber of Industry and Commerce, Prof. Dr. Mao Zhenhua, China Chengxin Credit Management Co. Ltd. and Robert Koller, Simmons & Simmons (f.l.t.r.) (Hakan Wohlin) (Hamad Buamim), , , (Robert Koller), (f.l.t.r.)
Power Talk: The transatlantic view: a new China with new leaders?
Over 264 years of wisdom: Dr. Henry Kissinger, former US Secretary of State, moderator Dr. Theo Sommer, and Helmut Schmidt, former German Chancellor 264 (Henry Kissinger) (Theo Sommer) (Helmut Schmidt)
he first conference day was closed by a discussion between two famous elder statesmen 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 active politicians, 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 in Chinese 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 growth since 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 has been 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 with China?, 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 China as 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! <<
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(Henry Kissinger) (Helmut Schmidt) 40 (DIE ZEIT) (Theo Sommer) 5 1980
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Two old friends: Helmut Schmidt, Honorary Chairman of the Hamburg Summit, and Dr. Henry Kissinger, Nobel Peace Prize laureate in 1973 (Helmut Schmidt) 1973 (Henry Kissinger)
China meets Europe evening
he China meets Europe evening has always been a very special event during the Hamburg Summit. Each time it is held in a different location and it is dedicated as 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 traditional to 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
The China meets Europe evening at the Hanseatisches Oberlandesgericht: Laudator Dr. Martin Brudermller, BASF, and the winner of the China Europe Sustainability Award, State Grid, represented by its CFO Li Ruge; (f.l.t.r.) (Hanseatisches Oberlandesgericht) (Martin Brudermller) (f.l.t.r.)
of the Board of Executive Directors of the 2010 awarded company BASF. State Grid really deserves the award, Dr. Brudermller explained, because as 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 energy capable 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: We should 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 its endeavours 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.<<
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(Hanseatisches Oberlandesgericht) (Erika Andress) W (Nikolaus W. Sches) 2010 (Martin Brudermller) 2020 20%
15 2020 <<
Unique atmosphere inside the magnificient building and at the gambling tables
Panel: Smart Cities
What are smart cities? Moderator Dr. Sabine Stricker-Kellerer, Dr. Dahai Yu, Evonik Industries, Li Ruge, State Grid, Wolfgang Hofheinz, DKE, in discussion (Sabine StrickerKellerer) , , (Wolfgang Hofheinz), ,
he question, What are smart cities? can be answered very easy: Smart cities are full of smartness, Dr. Mo Fan, Chairman of Shanghai YOUDE Energysaving 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 Grid Corporation 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, Senior Vice 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 with its 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, energyefficient 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 and be 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 that they 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 discuss megacities 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 <<
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(Wolfgang Hofheinz) (Steve Owen)
(Sabine StrickerKellerer)
<<
Dr. Mo Fan, Shanghai YOUDE Energysaving Tech Development, Steve Owen, NXP Semiconductors, and Dr. Li Jie, Daimler Northeast Asia , (Steve Owen), ) ,
Panel: Raw material supply for China and Europe
MEP Reinhard Btikofer, moderator Matthias Nass, and Dr. Frank Umbach, Associate Director, European Centre for Energy and Resource Security MEP (Reinhard Btikofer) (Matthias Nass) (Frank Umbach)
he global competition for raw materials has become quite fierce with the rapid 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 raw materials 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 materials show 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 not needed 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 trying to 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. <<
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(DIE ZEIT) (Matthias Nass) (Reinhard Btikofer) (Ignace Van Meenen) . Chak Mei Hing, President, Heung Kong (Yan Group, Dr. Ignace Van Meenen, Deputy CEO, Heming) Rickmers Group, Yan Heming, Chairman,
China National Ship Recycling Association, and MEP Reinhard Btikofer (f.t.t.b.) (Ignace Van Meenen) MEP (Reinhard Btikofer) (f.t.t.b.)
(Frank Umbach) <<
Keynote Speeches on Finance
Peter Praet, Chief Economist, European Central Bank, Dr. Werner Hoyer, President, European Investment Bank, moderator Quentin Peel, and Prof. Mao Zhenhua, Director, Institute of Economic Research at Renmin University (f.l.t.r.) (Peter Praet) (Werner Hoyer) (Quentin Peel) (f.l.t.r.)
n another keynote session at the second conference 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 only remain 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 eurocountries, were covered in terms of current account positions, competitiveness and public finances. Nevertheless, Praet recognised that a significant process of rebalancing 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 Economic and 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 build a 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 the economic 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 share in 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 and economic 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 selfconfident about the future! <<
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(Peter Praet) 2008 GDP
10% (Quentin Peel) (Werner Hoyer) <<
Prof. Mao Zhenhua and Dr. Werner Hoyer during their keynote speeches (Werner Hoyer)
Panel: Strategies for China and Europe in a multipolar world
Jerzy Pomianowski, then Undersecretary of State, Polish Ministry of Foreign Affairs, Dr. Monika Strk, Secretary General, German Chinese Dialog Forum, and Lu Jianzhong, President, ZPMC (Jerzy Pomianowski) (Monika Strk) (ZPMC)
he global economic and governance system is in a situation of change and uncertainty; 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. Are they 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 investors coming 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 UnderSecretary 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 interest of 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 do more 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 of small 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. <<
30
The panel agrees that differences in culture and a lack of understanding are still a trade barrier: Jerzy Pomianowski, then at the Polish Ministry of Foreign Affairs, Xu Weili, Chairwoman, Harbin Touping Group, and Prof. Dennis Snower, President, Kiel Institute for the World Economy (Jerzy Pomianowski) (Dennis Snower)

(Monika Strk) (Dennis Snower)
6% 3% 13% 71% (Jerzy Pomianowski)
<<
Conference Closing
Calls for an EU-China investment agreement: EUs Trade Commissioner Karel De Gucht (left), moderatored by Shada Islam, Head of Policy, Friends of Europe (Karel De Gucht) (Shada Islam)
he rise of China is the most significant economic development of our time, said Karel 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, this situation 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 return to 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 treatment of foreign direct investors. We need to combat unfair trading practices, whether through 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 negotiate an 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 necessity of 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: China meets 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. <<
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(Karel De Gucht) WTO
(Shada Islam) WTO W (Nikolaus W. Sches) 5 21 440 <<
The audience discusses with Commissioner De Gucht about the EUs trade policy (Karel De Gucht) Conference Chairman Nikolaus W. Sches closes the conference and claims that all participants are wiser, better informed and better connected W (Nikolaus W. Sches)
Site Visits
Big things are built in Hamburg: the A380 assembly line at the Airbus site and the construction site of the Elbphilharmonie in the HafenCity A380 (HafenCity) (Elbphilharmonie)
he port of Hamburg is still the backbone of Hamburgs economy and, with its international 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 10th anniversary 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 an overwhelming 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 Hamburg Summit 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 be a 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 quickly becoming 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 emission free 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. <<
34
Visit to Vattenfalls Hydrogen refueling station and the HHLA-operated Container Terminal Altenwerder Vattenfall HHLA Altenwerder
A380 HHLA Altenwerder 2012 . - (Elbphilharmonie) (Hafencity) (Speicherstadt) (Khlbrandbrcke) 2,150 37 (Finkenwerder) A318,A319,A320 A321 Herzog & de Meuron
Hamburger Hochbahn 2013 7 Vattenfall 2015 50 <<
Views on the Hamburg Summit
Ever since it was initiated in 2004, the Hamburg Summit has imposed a significant influence upon the communication and cooperation in areas including economy, science and technology and other areas between China and Europe and between China and Germany.
Wan Gang, Vice Chair of the 11th Chinese Peoples Political Consultative Conference (CPPCC) and Minister of Science and Technology of the Peoples Republic of China, November 28, 2012
The Hamburg Summit has definitely contributed to this success since 2004. It has become a central platform for German-Chinese and European-Chinese cooperation.
Annette Schavan, then Minister of Education and Research of the Federal Republic of Germany, November 28, 2012
2004
11 , 2012 11 28
2004
(Annette Schavan), 2012 11 28
I welcome very much the fact that the Hamburg Summit developed into an important forum of exchange between European and Chinese representatives of politics, economy and society.
Angela Merkel, Chancellor of the Federal Republic of Germany, March 6, 2012
The Hamburg Summit has been held for eight years so far. With the unremitting efforts of China and Germany, it has now become a communication platform for the industrial and commercial sectors of China and the EU to achieve mutual understanding, elaborate insights, and reach a consensus.
Lu Yaohua, Executive Vice Chairman of China Federation of Industrial Economics, November 29, 2012

(Angela Merkel), 2012 3 6

, 2012 11 29
The quality of our talks yesterday and today shows clearly why the Hamburg Summit has become over its five editions one of the most important Sino-European fora.
Dr. Werner Hoyer, President of the European Investment Bank, November 30, 2012

(Werner Hoyer), 2012 11 30
After the establishment of the Hamburg Summit, a forum between China and Europe, it played the role of a connecting bridge for the cooperation between both sides and made valuable contributions to further the mutual understanding between China and Europe and to cooperation for mutual benefit.
Wang Qishan, then Vice Premier of the State Council of the Peoples Republic of China, October 30, 2012

, 2012 10 30
36
Quotes
The way that China develops in the coming years is of crucial importance not only for the Chinese people but also for Europe and the rest of the world.
Karel De Gucht, Commissioner for Trade of the European Commission November 30, 2012
The pre-crisis period is sometimes referred to as the Great Moderation and the onset of the crisis in 2007 and 2008 as the Great Recession. Today Id like to provide an additional perspective and suggest that we may now be experiencing a Great Rebalancing.
Peter Praet, Chief Economist and Member of the Executive Board of the European Central Bank, November 30, 2012

(Karel De Gucht), 2012 11 30
EU and China need each other and we have no alternative but to work together, especially in these times of generalised economic instability and uncertainty.
Prof. Dr. Georgios Papastamkos, Vice President of the European Parliament, November 28, 2012
2007 2008
(Peter Praet), 2012 11 30

(Georgios Papastamkos), 2012 11 28
The Chinese Currency is on its way to become the third world currency next to the US-Dollar and the Euro. That might take another 10 years, but it will have positive implications.
Jrgen Fitschen, Chairman, OAV - German Asia-Pacific Business Association; Co-Chairman of the Management Board, Deutsche Bank AG, November 29, 2012
By no means would we want China to begin coughing for then the whole world might fall ill.
Olaf Scholz, First Mayor and President of the Senate of the Free and Hanseatic City of Hamburg, November 29, 2012
10
(OAV) (Jrgen Fitschen), 2012 11 29

(Olaf Scholz), 2012 11 29
Investment and innovation these are two major areas where cooperation built on trust can and must strengthen the partnership between Europe and China.
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, November 29, 2012
The period under Chinas new leadership will become a historic period because the new conditions require significant adaptation.
Dr. Henry A. Kissinger, Chairman, Kissinger Associates, Inc.; former US Secretary of State, November 29, 2012

APA (Martin Brudermller), 2012 11 29

Kissinger Associates, Inc. (Henry A. Kissinger), 2012 11 29
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Programme
Wednesday, November 28, 2012 20121128

Parallel site visits a) Guided bus tour to the HHLA Container Terminal Altenwerder one of the most modern facilities in the world b) Guided bus tour to the construction site of the concert hall Elbphilharmonie Hamburg Hamburgs new landmark c) Guided bus tour to the Airbus production facilities d) 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
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Thursday, November 29, 2012 20121129

Official Opening of the Conference Words of Welcome by Fritz Horst Melsheimer, President, Hamburg Chamber of Commerce, Germany Words of Welcome by Olaf Scholz, First Mayor and President of the Senate of the Free and Hanseatic City of Hamburg, Germany
Keynote Speeches Introduction 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? by Yao 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)
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, Germany Lu 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 Kong Huang 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, Belgium Yao 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
42
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
Programme
Friday, November 30, 2012 20121130

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. China Li 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. Dahai Yu, 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, Belgium Chak 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. Ignace Van Meenen, Deputy Chief Executive Officer and Chief Financial Officer, Rickmers Group, Germany Yan 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
44
The economic transformation towards sustainable growth by Prof. Dr. Mao Zhenhua, Chairman, China Chengxin Credit Management 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
anel: Strategies for China and Europe in a multipolar world P 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, Germany Xu 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
fficial Closing of the Conference O

Nikolaus W. Sches, Conference Chairman; Former President, Hamburg Chamber of Commerce; Shipowner, Reederei F. Laeisz, Germany WLaeisz
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- ductors, Germany Prof. Dr. Georgios Papastamkos, Vice President, European Parliament, Belgium Quentin Peel, Chief Correspondent and Associate Editor, Financial Times, Germany Jerzy Pomianowski, then Under-Secretary of State, Ministry of Foreign Affairs, Poland Peter Praet, Chief Economist and Member of the Executive Board, European Central Bank, Germany
Annette Schavan, then Federal Minister of Education and Research of the Federal Republic of Germany Helmut Schmidt, former Chancellor of the Federal Republic of Germany Olaf Scholz, First Mayor and President of the Senate of the Free and Hanseatic City of Hamburg, Germany Nikolaus W. Sches, Conference Chairman; Former President, Hamburg Chamber of Commerce; Shipowner, Reederei F. Laeisz, Germany Dr. Margot Schller, Deputy Director, GIGA Institute of Asian Studies, Germany Prof. Dr. Dennis Snower, President, Kiel Institute for the World Economy, Germany Dr. Theo Sommer, Editor-at-large, DIE ZEIT, Germany Dr. Monika Strk, Secretary General, German Chinese Dialogue Forum, Germany Dr.-Ing. Axel Stepken, Chairman of the Board of Management, TV SD, Germany John Stoop, Member of the Board, EUROCHAMBRES, Belgium Dr. Sabine Stricker-Kellerer, Member of German-Chinese Dialogue Forum, Germany Dr. Frank Umbach, Associate Director, European Centre for Energy and Resource Security (EUCERS), Kings College, U.K. Dr. Ignace Van Meenen, Deputy Chief Executive Officer and Chief Financial Officer, Rickmers Group, Germany Wan Gang, Vice Chair of the 11th Chinese Peoples Political Consultative Conference (CPPCC), Minister of Science and Technology of the Peoples Republic of China Hakan Wohlin, Managing Director, Global Head of Debt Origination, Capital Markets & Treasury Solutions, Deutsche Bank AG London, U.K. Capt. Xu Lirong, Director and President, China Shipping (Group) Company, P.R. China Xu Weili, Chairwoman, Harbin Touping Group Corporation, P.R. China Yan Heming, Chairman, China National Shiprecycling Association, P.R. China Yao Shenhong, Executive Vice Chairman and Secretary General, China Association of Trade in Services, P.R. China Dr. Dahai Yu, Member of the Executive Board, Evonik Industries AG, Germany
46

&quot;Hamburg Summit: China Meets Europe&quot; - Documentation 2012

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Documentation Brochure 2012 2012

November 28 to 30, 2012 2012 1128 30

The Hamburg Summit: China meets Europe Documentation Brochure 2012

14 Panel: Current situation of

22 China meets Europe

16  Panel: EU-China trade

24 Panel: Smart Cities

26  Panel: Raw material supply

18 Panel: Liberalisation of the

30  Panel: Strategies for China

: zwei:c : R. Magunia, K. Angerer : Dr. Boesken & Partner GmbH 2013 7 4

The Hamburg Summit: China meets Europe Documentation Brochure 2012 3

The Hamburg Summit: China meets Europe Documentation Brochure 2012

(GDP) 2010  <<

The Hamburg Summit: China meets Europe Documentation Brochure 2012 5

The Hamburg Summit: China meets Europe Documentation Brochure 2012

The Hamburg Summit: China meets Europe Documentation Brochure 2012 7

The Hamburg Summit: China meets Europe Documentation Brochure 2012

(Olaf Scholz) 3 W (Nikolaus W. Sches) 30 GDP 10% 5

The Hamburg Summit: China meets Europe Documentation Brochure 2012 9

The Hamburg Summit: China meets Europe Documentation Brochure 2012

- (Jrgen Fitschen) (Jrgen Fitschen) << 

The Hamburg Summit: China meets Europe Documentation Brochure 2012 11

The Hamburg Summit: China meets Europe Documentation Brochure 2012

(DIE ZEIT) (Theo Sommer) << 

The Hamburg Summit: China meets Europe Documentation Brochure 2012 13

The Hamburg Summit: China meets Europe Documentation Brochure 2012

The Hamburg Summit: China meets Europe Documentation Brochure 2012 15

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

The Hamburg Summit: China meets Europe Documentation Brochure 2012

(Martin Brudermller) (Peter Berz) 2020 GDP TV (Axel Stepken)

(John Stoop) (Shada Islam)  <<

The Hamburg Summit: China meets Europe Documentation Brochure 2012 17

Panel: Liberalisation of the RMB

The Hamburg Summit: China meets Europe Documentation Brochure 2012

The Hamburg Summit: China meets Europe Documentation Brochure 2012 19

The Hamburg Summit: China meets Europe Documentation Brochure 2012

The Hamburg Summit: China meets Europe Documentation Brochure 2012 21

China meets Europe evening

The Hamburg Summit: China meets Europe Documentation Brochure 2012

The Hamburg Summit: China meets Europe Documentation Brochure 2012 23

Panel: Smart Cities

The Hamburg Summit: China meets Europe Documentation Brochure 2012

The Hamburg Summit: China meets Europe Documentation Brochure 2012 25

Panel: Raw material supply for China and Europe

The Hamburg Summit: China meets Europe Documentation Brochure 2012

(Frank Umbach)  <<

The Hamburg Summit: China meets Europe Documentation Brochure 2012 27

Keynote Speeches on Finance

The Hamburg Summit: China meets Europe Documentation Brochure 2012

10% (Quentin Peel) (Werner Hoyer) << 

The Hamburg Summit: China meets Europe Documentation Brochure 2012 29

Panel: Strategies for China and Europe in a multipolar world

The Hamburg Summit: China meets Europe Documentation Brochure 2012

6% 3% 13% 71% (Jerzy Pomianowski)

The Hamburg Summit: China meets Europe Documentation Brochure 2012 31

The Hamburg Summit: China meets Europe Documentation Brochure 2012

(Shada Islam) WTO W (Nikolaus W. Sches) 5 21 440 << 

The Hamburg Summit: China meets Europe Documentation Brochure 2012 33

The Hamburg Summit: China meets Europe Documentation Brochure 2012

Hamburger Hochbahn 2013 7 Vattenfall 2015 50 << 

The Hamburg Summit: China meets Europe Documentation Brochure 2012 35

Views on the Hamburg Summit

The Hamburg Summit: China meets Europe Documentation Brochure 2012

"Hamburg Summit: China Meets Europe" - Documentation 2012

"Hamburg Summit: China Meets Europe" - Documentation 2012

16 Panel: EU-China trade

26 Panel: Raw material supply

30 Panel: Strategies for China

(GDP) 2010 <<

- (Jrgen Fitschen) (Jrgen Fitschen) <<

(DIE ZEIT) (Theo Sommer) <<

(John Stoop) (Shada Islam) <<

(Frank Umbach) <<

10% (Quentin Peel) (Werner Hoyer) <<

(Shada Islam) WTO W (Nikolaus W. Sches) 5 21 440 <<

Hamburger Hochbahn 2013 7 Vattenfall 2015 50 <<

MEP (OAV) APA

APA; , TV Moderation: Shada Islam, Head of Policy, Friends of Europe, Belgium

Keynote Speech Speakers: Karel De Gucht, EU Commissioner for Trade

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

fficial Closing of the Conference O