Video: Why Chinese and European companies both going west?

Mr. Yu Ping, Vice Chairman, China Council for the Promotion of International Trade

Mr. Joerg Wuttke, President of the European Union Chamber of Commerce in China


Joerg Wuttke and Yu Ping
3:20 pm – 4:00 pm, May 21, People's Daily Online



Enterprises around the world are hunger for new business opportunities amid the economic downturn. While Chinese companies are looking to the west for investment possibilities in Europe, European companies in China are also considering tapping the market in China’s mid-west.

Are they making right decisions? Will they become new bridges between China and Europe?

Profile of Mr. Joerg Wuttke
Mr. Wuttke became President of the European Union Chamber of Commerce in China in April 2007. He is also Chief Representative of BASF China, based in Beijing. He had worked with ABB for 11 years before he joined BASF in 1997. In fact his first professional encounter with China was in 1988 as the Finance and Administration Manager of ABB Beijing.

Mr. Wuttke is a Rotarian and a member of the European Bahai Business Foundation, a member of the advisory board of the Centre for International Business Ethics (CIBE) in Beijing and a member of the China advisory council of the Robert Bosch Foundation, Stuttgart, Germany.

Joerg Wuttke holds a BA in Business Administration and Economics from Mannheim and studied Chinese in Shanghai 1982 and in Taipei 1984-85.

A frequent speaker on business and industry issues in China, in 2005 he co-authored "The Chemical and Pharmaceutical Industry in China" by Springer Publishing Trust. In 2008 he is featured in the book “My 30 years in China” as one of 13 prominent expatriates in China. People Daily's Special Book on "30 people reflect on 30 years China's Reform policy" features a long interview with Mr. Wuttke.

Profile of Mr. Yu Ping
In August 2003, Mr. Yu became Vice Chairman of CCPIT (China Council for the Promotion of International Trade) and CCOIC (China Chamber of International Commerce). He served the Liaison Department (now the Department of International Relations) of the CCPIT from 1976. Yu served successively as Deputy Director, Director of the Division of European Affairs, Deputy Director General and Director General of the Department of International Relations, the CCPIT US Chief Representative, Deputy Secretary General, spokesman and concurrently Director General of the Personnel Department.

Mr. Yu is a certified Senior Economist and Master of Business Administration. He received Special Governmental Subsidy of the State Council.

Mr. Yu Ping graduated from the English Department of the Guangdong University of Foreign Studies and got an EMBA degree in the Peking University. Mr. Yu once studied Literature and English in Bayero University in Nigeria. He later completed the advanced training program on International Trade in the Department of Finance and Trade of the Graduate school of the ChineseAcademy of Social Sciences.

Mr. Yu is also Director of China-Japan Friendship Association, Director of Chinese People's Institute of Foreign Affairs, Vice Chairman of Council of China-Russia Friendship Association, President of APEC on Trade Promotion Work, Chairman of East Asia Business Council, Chairman of Chinese Entrepreneurs Committee of Shanghai Cooperation Organization and Arbitrator of China International Economic and Trade Arbitration Commission. He once served as Chinese Chief Representative of ICC.