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BERLIN http://www.coltsrookiestore.com/Colts-Darius-Butler-Jersey/ , Jan. 28 (Xinhua) -- The slowdown of China's economic growth was a normal process towards sustainability where great business opportunities would be created, said a leading German business group on Thursday.


"The development in China has confirmed that a long-lasting growth over 10 percent could not be sustainable," said Hubert Lienhard, Chairman of the Asia-Pacific Committee of German Business (APA) in a press conference in Berlin.


"We are currently witnessing a normalization," he said.


Affected by a sluggish global growth and an internal economic transition, China's gross domestic product (GDP) increased by 6.9 percent in 2015, the slowest annual expansion in 25 years http://www.coltsrookiestore.com/Colts-Clayton-Geathers-Jersey/ , but in line with the government's target.


The country launched a "supply-side" reform late last year, aiming at reducing noneffective and low-end supply, improving products and service quality and boosting productivity by innovation. It was one of the measures taken by the government to shift the economic driving force from exports and investment to consumption.


"The reorientation of the economy to sustainability also poses great opportunities for German companies," Lienhard added, "especially for high-quality products and cutting-edge technology for environmental and resource-friendly production."


Over 5,000 German companies run business in China, Germany's biggest trading partner outside Europe.


APA expected Asia to remain as the most important growth region in the world for German companies in 2016. In the region http://www.coltsrookiestore.com/Colts-Christine-Michael-Sr-Jersey/ , "China will remain at the center," Lienhard said.


by Mahmoud Fouly


CAIRO, Dec. 18 (Xinhua) -- "We are looking forward to developing our strategic relations with our friends in China," said Egyptian President Abdel Fattah al-Sisi to Chinese official media, including Xinhua, on Thursday at the presidential palace in the capital Cairo.


Ahead of his intended official four-day visit to Beijing, which is scheduled to kick off on Dec. 22 http://www.coltsrookiestore.com/Colts-Barkevious-Mingo-Jersey/ , the Egyptian president described the Chinese-Egyptian ties as "very special, strong and stable" and commended China's balanced policies toward other countries.


"China has balanced policies and does not interfere in other countries' domestic affairs, which is one of the reasons for China's success," Sisi said.


Egypt has recently established a cabinet unit specified for China led by Prime Minister Ibrahim Mahlab, including a number of key ministers as members, to study fields of cooperation with China. "I hope cooperation with China will be at the highest level," Sisi said.


"Cooperation between Egypt and China is not new http://www.coltsrookiestore.com/Colts-Antonio-Morrison-Jersey/ , and the purpose of the visit is to confirm and develop this cooperation and discuss Chinese investment chances in Egypt," the president said.


"Egypt's geographic location is strategic and distinguished and China has relations with the whole world. So, both Egypt and China have the right to cooperate, using the Chinese industrial and investment capabilities and the Egyptian distinguished locations," Sisi added.


"We should work on benefiting from the depth and size of relations between Egypt and China," Sisi told the Chinese reporters, stressing that the Egypt-China cooperation is not meant to be against any other countries.


Sisi said Egypt supports and encourages China's initiative on building the Silk Road Economic Belt and the 21st Century Maritime Silk Road http://www.coltsrookiestore.com/Colts-Anthony-Castonzo-Jersey/ , adding that it represents a great chance to enhance cooperation between the two countries and that Egypt will have an important role in implementing this initiative.


"Egypt is the portal for the Arab world, for Europe through the Mediterranean Sea and for Africa, and we want the Chinese side to approach Egypt strongly," the president continued. "The Egyptian people are ready to cooperate with the Chinese people for development, progress and peace."


Over the past four years, Egypt has gone through two uprisings that led to the ouster of two heads of state. The political turmoil then dramatically affected the country's economy and Sisi's administration is struggling to put it back on track.


"It has cost us dearly," Sisi said referring to the 2011 and 2013 uprising that led to deteriorating tourism http://www.coltsrookiestore.com/Colts-Andrew-Luck-Jersey/ , prevailing chaos and growing terrorist activities.


"But now the course of security and stability is noticeably increasing, so we are going on the right track," Sisi reassured.


In August, President Sisi gave the go-ahead signal for digging a 72-km expansion of the original Suez Canal as a national project to boost the country's ailing economy, ordering "the New Suez Canal" to be open for ship navigation in early August 2015.


The Egyptian president said that the Chinese companies have great chances to invest at the Suez Canal Corridor projects.


"The navigation for trade ships coming from China and southeast Asia will be greatly smoother," Sisi continued. "We are developing projects around the Suez Canal Corridor to provide ships with services like fuel, food http://www.coltsrookiestore.com/Colts-Al-Woods-Jersey/ , etc. There is a great chance to cooperate with China in these projects."


"Egypt is currently establishing a huge road network of 3,400 km within one year, besides the new Suez Canal project," said Sisi, noting that Egypt is making the necessary procedures to facilitate investment environment to reassure foreign investors.


"We are trying to restore trust of Egyptian, Arab and foreign investors and send them a reassuring message that investment in Egypt is safe and stable and that the state is committed to its obligations with investors," the president explained.


The trade volume between Egypt and China exceeded 10 billion U.S. dollars for the first time in 2013 http://www.coltsrookiestore.com/Colts-Adam-Vinatieri-Jersey/ , more than 80 percent of which is represented in Chinese exports to the North African country.


Sisi, who will soon make his first visit to China since his election in June, said that China has achieved tremendous progress over the past 40 years, noting th.

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