German enterprises ink 12 key cooperation projects with China's Chongqing

A group of German advanced manufacturing enterprises visited Chongqing Municipality, an industrial powerhouse in southwest China, from Monday to Tuesday, during which the two sides inked 12 key cooperation projects worth 8.765 billion yuan (about 1.22 billion U.S. dollars) in total.

During the two-day event, the German enterprises conducted extensive surveys and held in-depth talks with companies and institutions across Chongqing to learn about the development of intelligent connected vehicles, new energy vehicles, advanced materials, intelligent equipment manufacturing and other industries in the city.

At an industrial cooperation event on Tuesday, the Chongqing economic and information technology commission released the list of industrial high-quality opportunities and the list of scenario-based opportunities in the city, involving a total of 238 investment promotion projects with a combined value of nearly 630 billion yuan (about 87.38 billion U.S. dollars).

The 12 key cooperation projects between Chongqing and German enterprises were signed in a centralized way at the event.

As of October this year, there had been 94 German enterprises investing in Chongqing, spanning across multiple industries such as manufacturing, construction, trade, and finance. Among them, 25 are manufacturing companies.

Meanwhile, more than 20 Chongqing-based companies and institutions have business operations in Germany, demonstrating the broad prospects and great potential for cooperation between the two sides.

German enterprises ink 12 key cooperation projects with China's Chongqing

German enterprises ink 12 key cooperation projects with China's Chongqing

The Peruvian capital of Lima will soon see the completion of a major flood control project built by a Chinese company.

It does not rain frequently in Lima, but the Huaycoloro River overflowed in 2017 due to unusual heavy precipitation, affecting 30,000 families living along the river.

The 10.5-kilometer flood control project built by China International Water and Electric Corp. is set to be completed in January 2025.

"Extreme weather like El Nino can lead to flash floods and other natural disasters, So, such a project was launched," said Liu Hongmin, project manager with China International Water and Electric Corp.

The company has completed nearly 20 projects in Peru in fields including hydropower, flood control, road, bridge, power transmission and mining.

Peru is hosting APEC 2024, with the APEC Economic Leaders' Week underway in Lima.

The week will conclude with the APEC Economic Leaders' Meeting on Nov 15-16.

"The APEC meeting is an important event for our country, and we look forward to all countries, including our good friend China, to come and invest. Investment drives infrastructure construction, infrastructure construction generates more jobs, and employment brings about increases in income, foreign exchange and the development of tourism," said Hernan Yaipen Arestegui, Peruvian Minister of Authority of National Infrastructure.

China builds flood control project in Lima