Hamburg Summit: China Meets Europe

Updated 2016-11-24 14:08:23 Xinhua

The seventh "Hamburg Summit: China Meets Europe" opened here Wednesday to address opportunities and challenges in economic relations between China and Europe.

The summit is a biennial high-level conference on Sino-European economic relations. The Hamburg Chamber of Commerce initiated the first "Hamburg Summit" in 2004 to set up a platform for an open dialogue between China and Europe to promote mutual understanding and improve economic relations.

The conference brings together leaders from politics, business and academia and has an international reputation as the most relevant Sino-European economic forum.

As a tradition, two prizes are awarded as part of the summit: the China-Europe Friendship Award and the China-Europe Sustainability Award.

The seventh summit, held at the Hamburg Chamber of Commerce in downtown Hamburg, will last two days with an expected participation of at least 500 people.

Chinese Vice Premier Liu Yandong is expected to address the closing session on Thursday as the guest of honor of the conference.

Through keynote speeches and panel discussions, the two-day meeting focuses on issues such as the internationalization of China's renminbi, industrial transformation in a digital world, and China's Belt and Road Initiative.

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