China and Germany are reinforcing their economic partnership, signaling increased resilience and vitality in their bilateral relations amid global uncertainties. A recent business confidence survey released by the German Chamber of Commerce in China reveals a robust confidence among German companies operating in the Chinese market.
Out of 566 member companies surveyed, an impressive 91 percent expressed their intention to continue their operations in China. Moreover, more than half of these companies plan to increase their investments in the Chinese market. This demonstrates a strong commitment to deepening economic ties and reflects the opportunities perceived by German businesses within China.
Major German corporations such as Siemens, Mercedes-Benz, BASF, Volkswagen, and BMW have notably increased their investments in China over the past year. Their continued expansion highlights a collective confidence in China’s economic prospects and the potential for mutual growth.
In a recent meeting, Chinese President Xi Jinping emphasized the importance of China-Germany cooperation. “Cooperation between China and Germany benefits not just the two sides but also the world at large,” President Xi stated during his meeting with Chancellor of Germany Olaf Scholz, who is on a three-day official visit to China.
President Xi underscored the need for strengthening the resilience and vitality of China-Germany relations in the face of global instability. He called for joint efforts to maintain the overall direction of cooperation and development, emphasizing that a robust partnership between the two nations is crucial not only for their own interests but also for global stability and prosperity.
Chancellor Scholz’s visit and the positive sentiments from the German business community signify a shared commitment to enhancing economic collaboration. As both nations navigate the complexities of the global economy, their strengthened partnership stands as a beacon of stability and mutual benefit.
Reference(s):
cgtn.com
