Mr. Ling Ji

Member of the CPC Leadership Group of the Ministry of Commerce,
Vice Minister and Deputy China International Trade Representative


Invest in China Roundtable for German Businesses Held in Munich

On April 6, the Ministry of Commerce held an Invest in China Roundtable for German businesses in Munich, Germany. Vice Minister of Commerce and Deputy China International Trade Representative Ling Ji chaired the roundtable. Chinese Consul General in Munich Tong Defa was present. Representatives of IHK for Munich and Upper Bavaria and LGAD, and senior executives of six large German companies including BMW, Siemens, Traton, Knorr-Bremse and Infineon and two “hidden champions” attended and spoke at the roundtable.

Ling Ji said that China attaches great importance to trade and economic cooperation with Germany, China’s largest trading partner in Europe for nearly half a century. China-Germany trade accounts for nearly one third of China-EU trade, and German investment in China takes up one third of EU investment in China. This has made China and Germany mutually integrated in their trade and economic ties. Investing in China has become a common need for both Chinese and German businesses to flourish, which bolsters competitiveness of German companies globally. At present, China’s economy continues to make solid progress, and the long-term, upward trajectory remains unchanged. Digital economy and green economy are advancing at a faster pace, the middle-income group keeps expanding, and the large-scale replacement of equipment and trade-ins of consumer goods will unleash greater demand. It is therefore hoped that German companies could capitalize on China’s digital and green opportunities and step up cooperation in electric vehicles, clean energy, biopharma and artificial intelligence, to enable greater achievements in China-Germany trade and economic relations.

The participating German businesses said that China is one of the most important markets globally and the true global factory, playing a critical role in global industrial and supply chains. Over a long period of time, German businesses have enjoyed growth and development in the process of economic globalization. They support free trade, welcome competition from emerging markets, and oppose protectionism and de-coupling with China. China leads the world in terms of green energy, AI and the digital economy, which represents new opportunity for German companies to invest in China and new paths forward for their own development.

(All information published on this website is authentic in Chinese. English is provided for reference only.)