Financial Center Hessen

Frankfurt is the seat of the European Central Bank and the German Bundesbank. It is the location of a major stock exchange in Europe. Frankfurt is not the capital, but the largest city in the state of Hessen, which has distinguished itself as an attractive location for foreign direct investment.

No other German territorial state receives as much foreign investment relative to the number of jobs. Hessen is one of Germany’s and Europe’s most attractive locations for international investors.

The federal state has used Hessen’s central location in Germany to build a transportation infrastructure that is unparalleled in Europe. The Rhine-Main area in particular occupies a top position in Europe for its status as an international hub for air, road and rail traffic.

For more information, try https://english.hessen.de/economy.

Hessen ranks fourth in GDP among the German laender, and is positioned at the 4×4 slot within the G8x8. In 2016, it achieved a GDP of 269.4 billion € and a share of 8.6 percent of the German total. Its GDP was higher than that of Israel and Hong Kong, but slightly lower than that of Egypt.

 

Aichi Business Access

I-BAC (Aichi-Nagoya International Business Access Center) offers free “one stop” services including incubation facilities to foreign companies desiring to enter the Aichi-Nagoya region. Check this for more information: http://www.i-bac.jp/o/

Aichi ranks third in GDP among Japanese prefectures and takes position 3×3 within the G8x8. Its 2013 GDP of 35,448 billion Yen contributed 7.0 percent to the total of Japan.

 

Guangdong Free Trade Zone

The pilot free trade zone of Guangdong province, aiming at the promotion of foreign trade and investment, has been opened in 2015 with great enthusiasm. Their website at http://www.china-gdftz.gov.cn , however, has no “news” in English since June, 2016. You might think that enthusiasm has died down, but no! News in Chinese are updated almost daily. Seems that only the English language team has been on vacation…

Guangdong ranks first in GDP among Chinese provinces and is placed at field 2×1 on the G8x8 chess board. In 2015, its GDP of 7,281.3 billion CNY contributed 10.1 percent to the national total of China. In international comparison, this is more than the GDP of Indonesia and a bit less than Mexico.

 

California Business Portal

The official California website promoting international trade and investment is found at http://www.businessportal.ca.gov. Their address is

1325 J St., Suite 1800
Sacramento, CA 95814

And their telephone: +1 877 345-4633

California ranks first in GDP among US states, placing it at the 1×1 pole position within the G8x8 territories. In 2016, California took a share of 14.1% of the USA total GDP. This was worth $2,602,672 million or 2.6 trillion US Dollars, just as much as the GDP of the United Kingdom (ranking 5th among countries).

 

Panjin Deans Visit Swiss VET Institute

A group of deans of the Panjin Vocational and Technical College (PVTC) under its vice principal Zhang Hongfu visited the Swiss Federal Institute for Vocational Education and Training (SFIVET) in Zollikofen near Bern on 7 July 2017. The event was part of a Sino-German Project on Dual Vocational Education in Panjin. Project Team Leader Zhang Yaowen also joined the visit at SFIVET.

The delegation was received by Eric Swars, Head of International Relations. He provided insights into the dual VET system of Switzerland and its differences to the German dual system, into the education of TVET teachers and masters, and into TVET research and vocational development, tasks his institution is in charge of. In May 2017, SFIVET already established a partnership with the China Education Association for International Exchange (CEAIE).

Panjin is a chemical and petroleum industry city in Northeast China. The Chinese government is encouraging the entire region to modify its economy. Panjin was selected by the National Development and Reform Commission as a pilot city for the introduction of a dual VET system similar to the German and Swiss systems. PVTC is at the core of the pilot project, initially focusing on the vocations of Chemical Technician, Mechatronics Fitter, and Geriatric Nurse.

Panjin is located in the Chinese province of Liaoning, which was a G8x8 province in 2008 but was ranking only 10th among Chinese provinces in 2015 GDP.

 

Andhra Pradesh Economic Development

The Economic Development Board (EDB) has to accelerate the inclusive economic growth of Andhra Pradesh. The board acts as a catalyst to facilitate economic growth, investment climate, reforms, and competitiveness in Andhra Pradesh.

The functions of the Economic Development Board include:

  • Strategic investment planning and promotion
  • Nodal point of contact for investments
  • Mobilisation of resources required for supplementing public and private investment
  • Facilitating inter-departmental coordination
  • Economic and policy research

For more information, check out http://apedb.gov.in/

Andhra Pradesh ranks 7th among India’s states, and is located at slot 7×7 of our G8x8.

New York Promotes Guangxi

The Greater New York Chamber of Commerce will hold an investment and trade promotion event for Guangxi province of China on 25 October 2017. Participation is free for members, non-members will be charged $25. Contact +1 212-686-7220 or info@chamber.nyc for more information and to register, or see their event announcement here.

The event is promoted by the Guangxi provincial department of commerce.

A similar event was hosted by the Greater New York Chamber in October 2015. At that time, the Guangxi delegation included six governmental delegates, six economic and trade delegates, and five delegates from the Chinese Consulate General in New York. They spoke about investment opportunities in Guangxi.

Information and image source: Greater New York Chamber of Commerce.

The State of New York ranks third among US states in GDP, placing it on the 1×3 field of the global G8x8 chess board of most productive territories of the most productive countries. In 2016, the state contributed 8.1 percent to the national GDP. This was an amount of $1,488 billion, almost as much as all of Canada produced at the same time. Guangxi Autonomous Region, on the other hand, ranks only 17th among Chinese provinces and is not yet listed a G8x8 member.

 

OPEN Delegation @ Dual University of Baden-Wuerttemberg

A delegation of the Chinese National Center for Open and Distance Education visited the Baden-Wuerttemberg Cooperative State University (Dual University DHBW) in Stuttgart on 28 June 2017. Prof. Harald Stuhler received the group, head of vehicle systems engineering studies at DHBW.

With 3.5 million registered students, the National Center for Open and Distance Education is one of the largest education institutions worldwide. It is specialized on online education and is cooperating with all notable universities of China. The Center is a joint venture of the electronics giant TCL with the Chinese Ministry of Education. The Center has recently started to establish a vocational education programme similar to the German dual system through its subsidiary I-Vocedu.

Simon Zhao, CEO of Open Education, headed the delegation. Other members were Wu Shujun, Director of the Vocational Education Center, Mark Ma, Vice General Manager, and Tina Jin, Vice President of Shenzhen TCL Education Technology Co., Ltd.

The visit to Germany was organized by the former China Project Director of BMW AG, Klaus-Juergen Brix, who is now advisor of I-Vocedu in Shenzhen. Further participants were Oliver Schindler, CEO of ITW Schindler GmbH, and the former programme director of GIZ in China, Helmut Schoenleber.

Baden-Wuerttemberg ranks third among German states, placing it at the 4×3 field of the G8x8 chess board. Its GDP of 476.8 billion € contributed 15.2 percent to the German total.