General

The two sides should continue to expand the "cake" of common interests, and activate the vitality of cooperation in new fields such as new energy, artificial intelligence and digitalization while expanding the potential of cooperation in traditional fields. China is willing to continue to deepen aviation cooperation with Germany and Europe, carry out exchanges and cooperation on the prevention and treatment of COVID-19, strengthen exchanges and mutual learning around green development, ecological environmental protection and other topics, and promote people to people and cultural exchanges. It is hoped that Germany will work with China to resist protectionism, so that the results of international trade cooperation between the two countries can better benefit the people of the two countries.

Economic and trade cooperation is the ballast stone for the development of China Germany relations. Standing at a new starting point, it is worth looking forward to further deepening China Germany economic and trade cooperation.

Pragmatic cooperation has constantly reached a new level

The current world economy is facing a complex situation, and economic and trade exchanges between market players are of great significance to support the economic development of China and Germany. It is reported that a business delegation composed of many heads of German enterprises visited China with Prime Minister Schultz, including heads of many large German enterprises such as Volkswagen, BMW, Siemens, Merck, Deutsche Bank and BASF. These enterprises have made huge investments in China for a long time, and also made a lot of profits.

At the 5th China International Import Expo currently being held in Shanghai, German enterprises have also received much attention. It is reported that ThyssenKrupp, one of the world's top 500 enterprises and a German industrial giant, participated in the Expo in the form of a group this year. ThyssenKrupp has been increasing its investment and R&D efforts in China in recent years, actively expanding its sustainable development business, hoping to enhance its brand awareness in the Chinese market, demonstrate its diversified business, and further expand its all-round cooperation with Chinese partners by entering the Expo.

Both China and Germany are major economies in the world and important partners of each other. China has become Germany's largest trading partner for six consecutive years, and Germany has become China's largest trading partner in Europe for 47 consecutive years. At present, more than 5000 German enterprises invest in China and more than 2000 Chinese enterprises operate in Germany. The industrial chain supply chain of China and Germany is deeply integrated. Exports to China have created nearly one million jobs for Germany. Enterprises in China and Germany have become participants and beneficiaries of China's economic development. Economic and trade cooperation has brought huge dividends and benefits to enterprises and people of the two countries.

The latest data shows that the trade volume between China and Germany reached 173.6 billion US dollars from January to September this year, and Germany's actual investment in China increased by 114.3%. Up to now, the two-way investment stock has exceeded 55 billion dollars.

Li Chunding, professor of the School of Economics and Management of China Agricultural University, told the International Business Daily that China and Germany are both manufacturing and trading countries, and have differences in the level and level of manufacturing industry. Therefore, the complementarity of manufacturing cooperation between the two countries is greater than the competitiveness, and there is a good prospect for cooperation. In recent years, the trade between China and Germany has made steady progress, and the economic and trade cooperation between the two countries has a good foundation. Specifically, Germany has advantages in the export of high-end manufacturing products and investment in China, such as automobiles and spare parts, mechanical equipment and electrical equipment; On the other hand, the cooperation between the two sides still has great potential in the main export products of China to Germany, such as electrical and mechanical equipment, optical instruments, furniture and lamps.

Have extensive cooperation space

As the largest economies at both ends of the Eurasian continent, China Germany relations go far beyond the bilateral scope. They share broad common interests and shoulder common responsibilities in safeguarding multilateralism and free trade, coping with epidemic diseases, climate change and other global challenges.

In the talks, Premier Schultz said that China is an important economic and trade partner of Germany and Europe. Germany firmly supports trade liberalization, supports economic globalization, and opposes "decoupling". It is willing to continue to deepen economic and trade cooperation with China and support international trade enterprises of the two countries to visit each other for investment cooperation.

Li Chunding said that Germany is the largest economy in the EU. As an important part of China EU cooperation, China Germany cooperation will undoubtedly lay a solid foundation for China EU cooperation and help China and the EU better build and develop economic and trade relations. China and the EU are also important economies with the largest global economic output. China EU international trade cooperation will certainly benefit the growth of the world economy.

The industry also generally believes that, based on the strong complementarity of the two economies and the great potential for cooperation, China and Germany have broad space for cooperation in combating the COVID-19, reviving the economy, developing advanced manufacturing, promoting trade in services, speeding up the green and digital economy, tackling climate change, and jointly promoting the liberalization and facilitation of international trade and investment.