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German firms reaffirm China as key to growth, saying that ignoring its market means missing out

2026-02-26 09:59   环球时报网英文版

  In terms of specific product categories, the import and export of mechanical and electrical products between China and Germany reached 1.07 trillion yuan in 2025, an increase of 5.8 percent compared to 2024, accounting for 70.8 percent of the total bilateral trade volume. Among these, the trade in automobiles and auto parts represent 12.3 percent of the total trade in mechanical and electrical products between the two countries.

  The German Chamber of Commerce in China said in its 2025-26 business confidence survey that 93 percent of respondents intend to remain engaged in the Chinese market, reflecting greater optimism than a year ago. About 65 percent said they are confident about China"s economic development over the next five years, while most of the remainder maintained a neutral view.

  "Most German companies invested and operating in China are doubling down on China, to increase their competitiveness through localization, but increasingly to tap onto Chinese unique ecosystem of innovation, fast, reliable and quick design and engineering, and ability to quickly test and turn around new products and services," Denis Depoux, global managing director of Germany"s strategy consulting firm Roland Berger, told the Global Times on Wednesday.

  In the automotive, chemicals or electronics sector, we see even more German investment to improve competitiveness, resilience and improve products. This also is meant to gradually bring lessons learned from China into products sold elsewhere in the world, including in Europe and Germany.

  As for the visit of German Chancellor following other Western leaders since the beginning of 2026, Depoux said that Germany, like Canada, the UK or France, are taking stock of the new uncertain world order and are seeking new economic alliances and partnerships.

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