Chancellor Scholz’s Visit to China: Germany’s Increasing Dependence on China

(Deutsche Welle Chinese website) “Daily Mail” published an opinion article titled “Many words, few results” on Tuesday night, indicating that Chancellor Scholz’s visit to China is again reflect Germany’s increased reliance on China, not the other way around.

“Before the Prime Minister left for the trip, his public relations team had had differences of opinion on the new end.

Now, people see that they talked about many issues, but they talked about their own issues. For example, Prime Minister Scholz talked about the war in Ukraine. During his last visit to China in November 2022, the Prime Minister and Xi Jinping took a consistent position, claiming that they were strongly opposed to Russia’s use of nuclear weapons, and even threatened that it was inappropriate.

Although Xi Jinping vaguely expressed support for the peace conference that was rejected by Russia, he also rejected the accusation that China is supporting Moscow by providing dual-use products. to Russia as “not credible”. Scholz pointed out that the launch of the Russian war puts Europe in danger, but Xi Jinping did not accept this issue.

“This is true of issues such as climate change and China’s opaque methods of subsidizing exports. While rejecting unfair treatment of foreign exports and distortion of competition, Xi Jinping also wisely pointed out that the photovoltaic products produced in China and electric vehicles, which will help Europe achieve its climate goals.

Scholz’s visit to China showed again that Germany is more dependent on China, not the other way around, and China is taking advantage of this in the long run. For Scholz, there are not many cards on the table. “

Even if the business in China is sent away, the company can survive

Neue Zürcher Zeitung, published in Switzerland, explains the relationship between the German economic community and China from a third party perspective. The article immediately points out that for many businesses, it is impossible for large German companies to ignore China, the world’s largest market, however, when it comes to “making go risk,” that is, once real situations occur, companies must be prepared.

“Managers and entrepreneurs naturally have to pay attention to political issues, but they can only do business with countries that are close to them politically, otherwise their economic world will be very, very small. This is especially true of China. China is the world’s second largest economy after the United States the largest car and chemical markets in the world There is no doubt about its importance, and it is even more for the Germany, our main trading country. “

“However, enterprise leaders must prepare for real situations. This is a wake-up call.

Next, the article points out that many companies are “de-risking” through localization:

“Many companies have produced in China for the Chinese market, earned money for local factories, and received credit from Chinese banks. As soon as real situations arise, these companies do not have to repay the loans. Chinese Business There is no unified answer to this question, but a good company manager must prepare to face this test. “

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