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Europe has set very ambitious objectives for its energy transition, just like China did, but that is costly. Denis Depoux, global managing director at Roland Berger, told CGTN Digital's Shen Shiwei that to become more competitive, Europe needs to import a lot of equipment from China and that Chinese players are actually investing in Europe to better serve the European market. He said such investments are always welcome in Europe if they come with technology transfer and employment. "That is exactly what happened the other way around 20-30 years ago when European companies came to China; the Chinese government was looking for technology transfer, was looking for industrialization, was looking for job creation. So now we look at it the other way around," he said.