Promoting economic cooperation: The „Shanghai International Technology Exchange Center“ (SITEC) is a joint initiative of the Chinese Ministries of Economy and Research and Technology, the Chinese Patent Office, the municipal authorities in Shanghai and the German Technologies Center (GTC) as international partner.
SITEC is going to be a central institution for economic cooperation and trade between China and Germany, coordinating all efforts regarding technology development. A variety of measures, such as targeted assistance in business development, a comprehensive internet portal for exchange of information and the provision of vocational education and training opportunities should promote the project sustainable.
So far, the technology transfer centers in Chinese provinces and cities were organized more locally. The SITEC marks for the first time a national center for economic cooperation, which is controlled directly by the Chinese Ministry of Economy, Research and Development, as well as the Chinese Patent Office. In addition, Shanghai has an excellent international infrastructure and with the soon-completed Expo China Convention & Exhibition Complex one of the world's largest exhibition venues.
In cooperation with the SITEC the GTC provides concrete assistance for the successful market entry of German SMEs in China - and vice versa Chinese companies in Germany. "Through our branch offices distributed in China, such as Shanghai and Beijing, we offer central nodes to produce, to develop and consolidate concrete business contacts with decision makers.", GTC President Ulf Stremmel said at the signing of cooperation agreements in Shanghai. The close cooperation of the GTC with Chinese industry associations, companies, technology transfer centers and universities creates controlled and targeted ways of support for interested companies from Germany. Overall, the initial focus is on five to ten industries that have high priority for China regarding to its current the five-year plans. These include safety, reactor and disaster prevention, environmental technology, energy, industrial automation / robotics, communications technology, machinery, vehicle manufacturing and naval architecture, as well as medical technology.