China is Germany's largest trading partner for the fifth consecutive year, and in what areas do each side need each other?

China has become Germany's largest trading partner for the fifth consecutive year, and in what areas do the two sides need each other.

German Federal Statistical Office: China has become Germany's most important trading partner for the fifth consecutive year,

Local time on the 22nd, the German Federal Statistical Office of the latest report shows that China has become Germany's largest trading partner for the fifth consecutive year in 2020, which the German experts and the media have given a high evaluation. According to the German Chamber of Commerce 2020 to 2021 annual business confidence survey, the vast majority of German enterprises in China are optimistic about China's economic prospects and plan to invest further in China. In fact, it is not difficult to draw such a conclusion, under the blow of the epidemic, our country was the first to react, in the face of the epidemic quickly to make countermeasures, in the fight against the epidemic in the performance is extremely outstanding, so our country's economic recovery than many countries around the globe are faster, naturally, will become Germany's largest trading partner.

China 2020 again became the first major export market for German electrical products. It is worth noting that the overall foreign trade situation for German electrical products recovered significantly at the end of last year. German exports of electrical products reached 17.1 billion euros, an increase of 5.2% over the same period a year earlier, while imports reached the same amount of 17.1 billion euros, to achieve up to 13.1% double-digit growth. The business environment of the German electrical industry is improving, and the industry's assessment of the current business situation and business expectations have improved. It is easy to see that the recovery of the German electrical industry continues. Max? said Milbright. He believes that the industry can be hit by the epidemic after such a positive recovery trend, without a good partnership with China:? German products are extremely attractive to the Chinese market and are deepening the economic and trade relationship between the two countries.

From the German exports to China accounted for the proportion of the total exports of this product, transportation equipment, electromechanical products, optical/clock and watch/medical equipment accounted for almost one-tenth of the proportion of the total exports of this product, respectively, 11.43%, 10.47% and 9.56%. Transportation equipment is mainly automobiles, Germany is the world's automobile manufacturing powerhouse, Germany is the world's fourth largest automobile producer after China, the United States, Japan, Germany's automobile industry relies heavily on overseas markets for its survival. In terms of machinery and equipment manufacturing industry, Germany is the world's third largest machinery and equipment manufacturing country after China and the United States, but also the world's largest machinery and equipment exporter, in general, nearly 75% of Germany's machinery and equipment products are sold abroad.

China-Germany friendly trade is the affirmation of our national enterprises, but also the affirmation of China, I hope that we can continue to work hard to continue to play our role in the world.