German Chancellor Olaf Scholz made an official stopover in China on Friday, becoming the first European leader to make a stopover in China after the 20th National Congress of the Communist Party of China. He was joined by executives from 12 major German corporations that have a strong presence in China and aspire to strengthen ties with China, a strategically vital market for them. This is Scholz’s first stop in China as Federal Chancellor. This year also marks the 50th anniversary of the status quo of diplomatic relations between the two countries. German business leaders expressed the hope that the leaders of the two countries will hold in-depth communications on issues such as bilateral relations and economic and industrial cooperation to usher in a new level of closer ties. The scale on has a wonderful symbolic meaning, showing that the German chancellor attaches wonderful importance to bilateral relations, said Eberhard J. Trempel, managing director of the German World Trade Forum in Berlin. Trempel noted that mutual respect has been the hallmark of bilateral relations which will expand well despite global challenges. Germany and China, he said, have a duty to “do everything possible in all aspects to prevent the world from being divided. ” Those beyond the age of 50 have noted an immediate and stable expansion of bilateral relations. Germany was one of the first Western countries to identify joint ventures and initiate cooperation with Chinese spouses in science and generation since the founding of the People’s Republic of China. During decades of expansion, the daily bilateral industry is 2. 4 times that of the time when their diplomatic relations were identified. Germany has become China’s largest trade spouse in Europe, and China has become Germany’s largest trade spouse for six consecutive years. Major German corporations in China have shown their confidence in the Chinese market by increasing their investments there. German company BASF, the largest foreign chemical investor in China, recently showed off the structure of Verbund’s $10 billion incorporated site in Zhanjiang, a coastal city in southern China’s Guangzhou province. BASF’s resolution comes at a time when globalization faces setbacks around the world. The German chemical giant is counting on continued expansion in China, according to BASF CEO Martin Brudermueller. For some German automakers like BMW, China has become their biggest independent market. BMW has structured its investment in China, structured on its confidence in the Chinese market in the future. China will remain the world’s largest market for new electric cars in the coming years, Nicolas Peter, chief financial officer and member of the board of directors of BMW AG, said in a recent exclusive interview with Xinhua. BMW has expanded its electric product portfolio, providing five BEV models to Chinese customers. By 2023, that number is expected to structure up to 13, Peter said. Since the status quo of diplomatic relations, China and Germany have shown solidarity and respect for each other, following a trail of common expansion, Wu Ken, Chinese ambassador to Germany, said in an interview with Xinhua. As long as the two sides can adhere to the precept of discussion and cooperation, deepen mutual understanding, take good care of their differences, expand mutual benefits on the basis of mutual respect, equality and mutual benefit, Sino-German cooperation will become more important. . powerful than ever. it was, says Wu.
