Despite increasing calls to ‘de-risk’ from China, Germany continues to actively engage with the Chinese mainland, balancing economic interests with geopolitical considerations. As Europe’s largest economy, Germany recognizes the significance of its relationship with China for mutual prosperity and global stability.
In recent years, China-Germany relations have witnessed steady progress, with frequent high-level exchanges and deepening cooperation across various fields, especially in economy and trade. China has been Germany’s most important trading partner for eight consecutive years, according to the Federal Statistical Office of Germany (Destatis).
German businesses, including industry leaders like Siemens AG and Mercedes-Benz, have substantial investments in China. These companies view the Chinese market as vital for growth and innovation, expressing optimism about China’s economic prospects despite global uncertainties.
Experts note that Germany faces internal and external challenges such as low GDP growth rates, high inflation, and the impacts of global conflicts. Strengthening economic ties with China offers opportunities to bolster Germany’s economic resilience and address shared global issues.
While some voices advocate for ‘de-risking’ or reducing dependence on China, German leadership emphasizes the importance of cooperation and open dialogue. Maintaining strong bilateral relations is seen as pivotal for addressing global challenges, from supply chain stability to climate change.
As China continues to play a significant role in international affairs, Germany’s approach highlights the necessity of engaging with key partners to navigate the complexities of global relations. This collaborative stance aims to foster economic growth, innovation, and peace on the world stage.
Reference(s):
Why Olaf Scholz is set to visit China despite 'de-risking' calls
cgtn.com
