German Chancellor Merz highlighted China's ascension as a global power during his keynote address at the 2026 World Economic Forum in Davos, Switzerland, attributing its success to long-term strategic planning. Speaking before international business leaders and policymakers on January 23, Merz noted that Beijing's methodical approach to economic development and diplomacy has reshaped the geopolitical landscape.
A Shifting Global Order
The Chancellor observed that the United States' traditional leadership role now faces unprecedented challenges, prompting what he called 'fundamental recalibrations' in Washington's foreign policy framework. This assessment comes as China continues expanding its influence through initiatives like the Belt and Road program and multilateral trade agreements across Asia and beyond.
Economic Implications
Analysts suggest Merz's comments reflect growing European recognition of China's economic resilience amid global market fluctuations. With Asian markets projected to account for 45% of global GDP growth in 2026, investors are closely watching Beijing's next moves in green technology and digital infrastructure development.
Regional Responses
While Southeast Asian nations welcome Chinese investment in renewable energy projects, some APEC members remain cautious about supply chain dependencies. The Chancellor emphasized the need for balanced international cooperation, particularly in addressing climate change and sustainable development goals.
