China News Agency, Berlin, February 22 (Reporter Peng Dawei) The latest data released by the German Federal Statistical Office on the 22nd shows that in 2020, China-Germany trade will continue to grow against the trend under the new crown epidemic (yoy, the same below) 3%, totaling 2121 Billion euros.
China has been Germany's largest trading partner in the world for the fifth consecutive year.
In this regard, a number of German experts told reporters from China News Agency that China has emerged from the impact of the epidemic at a speed faster than expected and has driven the recovery of the German economy. The economic cooperation between the two countries is expected to release greater potential in the post-epidemic period.
Christina Otte, an expert on China affairs at the German Federal Trade and Investment Agency (GTAI), said in an exclusive interview with a reporter from China News Agency that China has become Germany’s most important trading partner in the world for the fifth consecutive year. The recovery is good news."
She analyzed that as an important sales market for German enterprises, the speed of China's economy out of the impact of the epidemic has exceeded expectations, which has benefited many industries such as German automobiles, machinery manufacturing, and chemicals.
She also pointed out that in 2020, China is Germany's second-largest export destination, but the gap with the United States, the number one, has narrowed again.
According to German data, the United States imported 103.8 billion euros worth of German goods last year, and China imported 95.9 billion euros from Germany.
"The rapid recovery of the Chinese economy last year has also made an important contribution to the stability of the German economy." Michael Schumann, chairman of the German Federal Economic Development and Foreign Trade Association (BWA), told a reporter from China News Agency.
Pfister, director of the ifo Economic Research Institute in Munich, also told German media that the Chinese market is of great significance to Germany's economic recovery. As the economic recovery in Asia and other regions is faster than Germany, this has provided German industrial companies with increasing demand.
"I very much hope that after the end of the new crown epidemic, the economic and trade relations between the two countries can be further deepened." Schumann said that the EU-China investment agreement that was negotiated at the end of last year will become an important cornerstone for the two sides to deepen cooperation.
"Germany-China cooperation still has huge potential to be tapped in the future, and it is in Germany's interest to fully release these potentials."
According to Max Milbredt, an expert at the German Federal Agency for Foreign Trade and Investment, the electrical and electronic industry is a microcosm of the deepening economic relations between Germany and China.
According to the latest news released by the German Electrical and Electronic Industry Association (ZVEI) on the 22nd, China will once again become the largest export destination for German electrical products in 2020, with a total export volume of 23.3 billion euros, an increase of 6.5%, and the increase even exceeds the level before the epidemic (In 2019, an increase of 4.3%).
Milbrecht said that the existing signs indicate that the German electrical and electronic industry will usher in a strong recovery after the epidemic is over.
"This growth is due in part to the partnership with China. German products are very attractive in the Chinese market. The economic relationship between the two countries is also deepening." (End)