Spain should take opportunities offered by Chinese market: veteran diplomat

Spain should take and make good use of the opportunities offered by the Chinese market, former Spanish ambassador to China, Mr. Eugenio Bregolat Obiols, said on the occasion of the Summit on Economics and Business with China held here on Tuesday.

"The development of consumption in China will be a central issue for the global economy in the coming years and decades, there will be more consumption than in the U.S. and elsewhere," Bregolat told Xinhua.

"In 10 years, 200 million students are going to graduate in China, a big part of them engineers and scientists," he explained.

During his speech at the summit he highlighted the important and fast changes occurred in the Chinese economy since the 1970s, noting the importance of the current process of changing growth model.

"The data is positive, the country is moving towards this change," he said, highlighting the rise in domestic consumption in which there is still "great potential for growth."

The summit was attended by representatives of public and private institutions and was conceived as a "platform for exchange, with a very high level of participation" in the words of Director of the Confucius Institute of Barcelona Foundation, Dr. Chang Shiru.

Representatives of companies such as ZTE Corporation, Air China, AVIC International Aero-Development Corporation, Roca, CaixaBank and INFUN GROUP respectively explained their experiences in Chinese and Spanish markets.

According to Chang, "Sino-Spanish relations need knowledge and determination." He added that "technical issues are also important and in this event there are many resources in this regard." Endit