Denmark Eyes More Chinese Investments

Denmark hopes to attract more Chinese investors through a series of investment seminars around the country, starting Tuesday in Beijing.

In pursuit of sustainable development, China’s 12th Five-Year Plan highlights seven strategic industries: new energy, new energy vehicles, energy saving and environmental protection, new materials, machinery, IT and biology.

Denmark spearheads these sectors, especially new energy, new materials and green cars, according to Tom Behrens-Sorensen, a senior advisor and former Chairman of Maersk China, a shipping company.

Demark plays a leading role in clean energy, taking 40 percent of the world’s wind power market, according to Henrik Brandt Jensen, director of Invest in Denmark in China.

In addition, Jensen said his country is to offer further tax breaks for electric cars, and has a goal to become 100 percent powered by clean energy by 2050.

Investors in Denmark can benefit from a well-educated labor force, efficient transportation links and flexible government policies, said Yang Hexiong, the senior vice president of Huawei Technology, which was registered in Denmark in 2007.

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Yang highlighted the convenient business environment in Denmark, adding that a company can even be incorporated in a just one day.
A recent survey by Danish law firm Eversheds shows that 35 percent of interviewee companies in Denmark are willing to accept capital flows from China, according to Nikolaj Juhl Hansen, a partner with Eversheds’ China Business Group.

According to Behrens-Sorensen, about 40 Chinese companies are operating in the Danish market at present, including BYD Auto, while 450 Danish companies are in China, offering 200,000 job opportunities.

He also said Denmark’s exports to China grew 17 percent in 2010, and it recorded a deficit of $4.2 billion in its bilateral trade with China.

The investment seminars will continue in Shanghai (June 1) and Hong Kong (June 7).

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