Business / Economy

Denmark ready for China's new growth model: ambassador

(Xinhua) Updated: 2016-03-31 16:27

BEIJING - "Denmark is ready to adjust to China's new economic model based on sustainable and consumer-driven growth," said A. Carsten Damsgaard, Danish Ambassador to China on Thursday.

"This means that there will be an increase in demand for green technologies, food safety, quality fashion and design, as well as advanced health and pharmaceutical products -- sectors where Danish companies are world leaders," he told the press.

Trade in goods and services between Denmark and China reached an all-time high of 116.6 billion Danish kroner ($17.7 billion) in 2015, registering a year-on-year increase of 6 percent, according to the latest figures by Denmark's official statistics bureau.

China's growing middle-class population is also good for demand for quality Danish products, Damsgaard added.

China is Denmark's largest trading partner in Asia. Danish exports to China have nearly tripled in the past decade to 59.2 billion Danish kroner in 2015, according to statistics from the Royal Danish Embassy in China.

Around 500 Danish companies have operations in China, employing some 250,000 Chinese employees.

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