"hamburg summit: china meets europe" - documentation 2004
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THE HAMBURG SUMMITChina meets Europe
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Summit Initiator
Sponsors
Platinum Partners
Gold Partners
Supporting Partners
Strategic Media Partner
Official Media Partners
Academic Partners
Summit Partner
2 THE HAMBURG SUMMIT
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THE HAMBURG SUMMIT 3
Welcome Address4/5
Conference Chairman:Agenda for a Brighter Future
6/7
Background:Faces, Facts and Figures
8/9
Helmut Schmidt:Chinas Role in the World
10/11
Zeng Peiyan: Chinas New Leaders12/13
Lee Kuan Yew: Chinas Future14/15
Financial Market: The Challenge Ahead16/17
Energy: Bottleneck for Progress18/19
China 2010: At Breakneck Speed20/21
Market Trends:22/23Economy on the Move24/25
Robert A. Mundell:The China-Europe Agenda
26
The Summits Speakers27
Media Coverage:Echoes of the Summit
28/29
Gala Dinner: A Festive Setting30/31
Looking Forward
32/33Art of Illumination:A True Blue Hamburg Summit
34/35
20The Look Ahead
Views and debates onChinas developmentuntil 2010
12A New Leader
Chinas Vice Premier ZengPeiyans economical andpolitical vision
10The Friendly Observer
Elder Statesman HelmutSchmidt on Chinas rolein todays world
26Trade Without Barriers
Nobel Laureate Robert Mundellpostulated a free trade zonebetween China and the EU
30Celebrating the Dialogue
At nightfall the summitrecongregated in a festivesetting
Table of Contents
Imprint:HAMBURG CHAMBER OF COMMERCEInternational Department Jens AssmannAdolphsplatz 1 20457 Hamburg GermanyPhone: +49 40 361 38 -287 Fax: +49 40 361 38 -494E-Mail: jens.assmann@hk24.de www.hamburg-summit.com
Design: zwei:c werbeagentur GmbH, HamburgChinese Translation and Type Setting:
Dr. Boesken & Partner GmbH, HamburgText: R. Hupe / Photos: R. MaguniaCirculation: 1.500 copies
@ Selected speeches are available at www.hamburg-summit.com
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4 THE HAMBURG SUMMIT
It was an honour and a pleasure for us to welcome such a
large, international contingent of high-calibre individuals
from business, politics, academia and the media to the
"Hamburg Summit. No other Sino-European conference has
ever attracted so many high-ranking Chinese officials, entrepre-
neurs and scientists to Europe. Hamburg boasts the highest num-
ber of Chinese branch offices in Europe, making it the EUs most
important centre for China-related business. For the Chinesecompanies which have settled here and for the thousands of
others with business interests in this part of the world, our city
has become the preferred gateway to the European market.
More than 700 Hamburg-based companies maintain permanent
business relations with China. The Peoples Republic and the
European Union are moving closer and closer together all the
time - for reasons that extend well beyond the world of business.Because of these very positive developments, Hamburg is well-
placed to serve as both a Sino-European trading hub and a forum
for international leaders who have a strong interest in fostering
long-term Sino-European relations.
Even the best short-term partnership will never be more than alove affair. A truly profitable business relationship is more like a
good marriage. It is long-lasting and based on mutual trust. The
experts agree that the most successful marriages are those in
which the married couple never stops talking about all the
important things in life. And that is why we chose "The power of
partnership as the guiding theme for all panel discussions,
workshops and presentations at this summit.
Karl-Joachim Dreyer, President,Hamburg Chamber of Commerce
We need more than love affairs in business; We are in need of a good marriage
Welcome Address Platform for Sino-European Relationship
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THE HAMBURG SUMMIT 5
Due to the joint efforts of both China and Germany, the
first Hamburg Summit was a great success. Those attending
felt that strengthening communication and understanding
between both sides is essential, and the summit should be
a bridge to a new level of Sino-European cooperation. I was pleased
to learn that preparations for the second Hamburg Summit in autumn
2006 are already underway. I hope that the summit will continue to
improve as it unfolds in the future.
Historically, Sino-European relationships have never been more active
nor yielded greater achievements than at present. The European Union
is Chinas largest trading partner, and China is Europes second largest.
In many areas, such as of politics, culture, science and technology,
cooperation continues to grow. We are all very pleased about thisdevelopment. Currently Chinese society is stable, there is well sustain-
ed economic growth, and every effort is being made to ensure that
we establish a wealthy and happy society. The European Union is also
striving to grow and play a greater role in the international arena.
Both China and the European Union seek to maintain world peace
and are major powers in the encouragement of shared development.
The development of Sino-European relations not only satisfies the
trends towards globalisation and global multi-polarity, but also en-sures shared benefits for both sides. We are therefore extremely con-
fident about the future of Sino-European relations. Since the 18th cen-
tury, when commercial links with Chinese coastal cities commenced,
the beautiful port city of Hamburg has been a commercial window
and the hub of the trade between China and Germany. It is our hope
that by hosting the Sino-European Summit Hamburg will continue to
play a major role in the development of Chinese-German relations.
A New Level of Cooperation Welcome Address
Ma Canrong,Ambassador, Peoples Republic of China
Communication and understandig is essential
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THE HAMBURG SUMMIT 7
Karl-Joachim Dreyer, Nikolaus W. Sches,Zeng Peiyan and Ole von Beust (left to right)
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10 |9 |8 |7 |6 |
6 | Jrgen Fitschen, Member of the GroupExecutive Committee,Deutsche Bank,Federal Republic of Germany
6 |
7 | Liu Yong-hao, Chairman,New Hope Group,
Peoples Republic of China7 |
8 | Andreas Kreimeyer, Member of theBoard of Executive Directors, BASF,Federal Republic of Germany
8 |
9 | Fred Hu, Managing Director,Goldman Sachs Asia, Hong Kong
9 |
10 | Bernd Leissner, President,Volkswagen Group China,Peoples Republic of China
10 |
THE HAMBURG SUMMIT 9
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THE HAMBURG SUMMIT 11
Klaus Ebermann and Mei Zhaorong in conversationwith Helmut Schmidt (left to right)
Capt. Wei Jiafu handed the first China-EuropeFriendship Award to Helmut Schmidt
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THE HAMBURG SUMMIT 13
Zeng Peiyan bids the Hamburg Summit farewell
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THE HAMBURG SUMMIT 15
Simultaneous translation was availablethroughout the entire Summit
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THE HAMBURG SUMMIT 17
Xu Xiaonian discussed the impact of anageing population on the financial sector
Jrgen Fitschen sees the need to stabilisegrowth through domestic consumption
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THE HAMBURG SUMMIT 19
Peter Cornelius predicted an increasingimportance of gas
Eckhard Rohkamm discussed thecarbon dioxide problem
Jean-Christophe Iseux sees energy as alimiting factor for economic growth
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THE HAMBURG SUMMIT 21
According to Liu Yong-hao,40 million university graduates will enterthe Chinese labour market
Thomas Straubhaarmoderated the power talk
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THE HAMBURG SUMMIT 23
Andreas Kreimeyer, BASF, sees excellent businessopportunities for European-owned companies in China
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The China-Europe Agenda
Cooperation on global business fosters closer relations
China and Europe should respect each others interests
Robert A. Mundell
The presentation by Nobel laureate Robert Mundell ranks as one
of the events closing highlights. At 72 years of age, Mundell still
ranks among the worlds most ingenious economists and long-
term thinkers, some of his well-researched forecasts reaching as
far ahead as the year 2060. Mundell provided a vivid account of the
overwhelming success of Chinas economic policy, the "Competitive
Shock as he called it, over the last 26 years.
Today, China is the worlds largest steel producer, can boast a six percent
market share of the worlds total exports, accounts for 50 percent of glo-
bal camera production, and its Renminbi is the worlds fourth most
important currency. Although many financial analysts suggest that China
should extend its currency margins, Mundell feels this would be a big
mistake. In his view, China would stand to lose more than it would gain.
A substantial appreciation in the value of the Renminbi would suppress
Chinas economic growth and increase unemployment, both of which
could potentially destabilise the entire South-East Asian region.
Consequently, Mundell predicted that China will focus more on the
Renminbis convertibility than on exchange rates. Showing mutual respect
for each others interests is a vital ingredient in maintaining and further
developing Sino-European trade relations, Mundell said. Additional impe-
tus could be provided by the creation of a free trade zone and by facili-
tating more direct investment - in both directions. Closer cooperation on
global issues would also help to further deepen ties between the two
regions. Mundell estimated that, if Chinas economy is able to maintain
the momentum it has shown over the last 26 years, it will overtake Japan
by 2030, and the EU by 2060.
26 THE HAMBURG SUMMIT
Robert A. Mundell warned of a substantialRenminbi appreciation
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AP
ARD
Beijing Daily
Bild
China Youth Daily
Die Welt
Deutsche Welle
Deutschlandfunk
Die Zeit
Dow Jones
dpa
Far Eastern Economic Review
Frankfurter Rundschau
Hamburg 1
Hamburger Abendblatt
Hamburger Morgenpost
Handelsblatt
NDR
Manager Magazin
Peoples Daily
Sat 1
Sddeutsche Zeitung
Spiegel
taz
The Wall Street Journal Europe
Wirtschaftswoche
Xinhuan News Agency Germany
ZDF
Media Coverage Echoes of the Summit
28 THE HAMBURG SUMMIT
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THE HAMBURG SUMMIT 29
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Eckhard Rohkamm presented the China-Europe SustainabilityAward to ZhangYue
THE HAMBURG SUMMIT 31
Gala Dinner at the KempinskiHotel Atlantic
Acrobats of the Cirque du Soleil were painted in Chinas Red and Europes Blue
L i i d E i H I
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32 THE HAMBURG SUMMIT
The Hamburg Chamber of Commerce will be hosting the second "Hamburg Summit in autumn 2006
Logistic and Environment are Hot IssuesLooking Forward
Nikolaus W. Sches, Conference Chairman
When the Finnish Export Promotion Office for Germany
was opened in Hamburg a few years ago, its director had
a deceptively simple explanation to offer for Finlands
decision to locate here: "We just had to go where the
trade is! For the same reason, top-level people from twelve countries
made the journey to Hamburg, "Europes focal point for trade with
China, to discuss a wide range of political and economic issues at the
aptly-named Hamburg Summit this year.
In summing up the Summits results, I would like to stress the following
points in particular:
Chinas further integration into global politics and into the global
economy is inevitable. The European Union should view the Peoples
Republic as a strategic partner and facilitate the process of forging
a relationship among equals.
China is definitely a must for most European companies. In fact, for
those of our companies which face growing competition from
China, seeking partnerships with their counterparts in the Peoples
Republic could be a question of survival.
The European Union should support the Chinese government in its
endeavours to reform its economy and establish a stable society.
The first "Hamburg Summit: China meets Europe was a remarkable
success as far as the number and quality of both speakers and delegates
was concerned. Our Chamber of Commerce will therefore be hosting the
next "Hamburg Summit in September 2006. And since logistic and
environment are already "hot issues for Chinese-European business today,
and destined to become even more important in the future, we have cho-
sen these particular subject matters as the key topics for next years event.
S h i O L i i l Ti
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THE HAMBURG SUMMIT 33
Looking Forward
Last year we all witnessed the great progress of Sino-European
economic and trade relations, with high ranking officials from both
sides paying fruitful visits to each other. The successful organization
of the Hamburg Summit last November was a very good example of
our successful cooperation. In this event with the main theme 'The power
of partnership between China and Europe', the China Federation of
Industrial Economics (CFIE) and the Hamburg Chamber of Commerce have
joined hands to encourage a closer bilateral relationship. It gave me great
honour to lead the delegation, to attend the conference and to meet with
so many European counterparts.
As an important part of the whole economy, the logistics and transpor-
tation industries are closely linked with international trade development.
Take shipping for example. Over 80 percent of cargo trade in the world is
transported by ocean-going ships. In this sense, it would be another
humble step towards strengthening Sino-European economic and trade
ties to take a closer look at logistics and transportation in the next
Hamburg Summit in 2006.
The China-Europe shipping trade, one of the largest in size in the world,
is presently among the fastest growing shipping markets. Logistics
and transportation companies from both China and Europe will benefit
from this growth. However, they will also try their best to serve the
customers from both sides.
In the future, CFIE will continue to cooperate with our counterparts
in Germany and other European nations. We will continue to render
our support to the next Hamburg Summit in 2006 to make it an
even greater success.
We have to take a closer look at logistics and transportation
Strengthening Our Logistical Ties
Capt. Wei Jiafu, Group President and CEO, COSCO
A T Bl H b S it
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3 |
A True Blue Hamburg Summit
Not only Hamburgs City Hall (1) was brightly illuminated on the occasion of the Hamburg Summit; the other two conference locations and the headquarters
of a major sponsor were also lit up bright blue during the conference days: the Hamburg Chamber of Commerce (2), the Kempinski Hotel Atlantic (3), and
the HSH Nordbank (4). The lighting project was intended to provide a suitably dignified and notable backdrop for the "most important international summit
on the future of Sino-European relations. Funded by HSH Nordbank, Hamburg-based lighting artist Michael Batz had 1,000 lights strategically mounted to
the four buildings. As a result, the top-level symposium, quite literally, moved the Free and Hanseatic City of Hamburg into the spotlight. Batzs technicians perform-
ed almost artistical feats, especially when affixing the 300 flashing lights that transformed Hamburgs City Hall tower into a spectacular, glittering crown. Michael
Batzs intention was to both visually highlight the most important locations of the Hamburg Summit and create a festive atmosphere, in keeping with the enormous
significance of the conference to Hamburg and Sino-European relations. Batz: "Not least, we simply wanted to welcome and pay special homage to our distinguished
guests. And we hope that our efforts helped them acquire a taste for our beautiful city.
Art Of Illumination
1 | 2 |
34 THE HAMBURG SUMMIT
4 |
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This DVD has been checked thoroughly for viruses and
duplicated under strict quality control. However the
Hamburg Chamber of Commerce will accept no respon-
sibility for any damage or loss resulting in whatever way
from the use or misuse of this DVD. The film and images
on this disc are copyright protected by national and
international law and intended for inhouse viewing only.
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THE HAMBURG SUMMITChina meets Europe
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