Comments by "Happy Melon" (@happymelon7129) on "What did Germany's Scholz achieve with his trip to China? | DW News" video.

  1. Executives from two of Germany's three major automakers came to China with Scholz this time. Ola Kallenius, CEO of Mercedes-Benz, made it clear that exiting China is not an option, but to expand his company's position in China; BMW Group Chairman Oliver Zipse even emphasized that " "Free trade and competition" principles, and bluntly stated that "it does not feel threatened by Chinese automakers." The report first pointed out that China-Germany relations are still close, especially in the economic and trade field. According to data from the German Institute for Economic Research (IW), Germany's total direct investment in China in 2023 will be 11.9 billion euros (approximately RMB 91.8 billion), a year-on-year increase of more than 4%, setting a record high. Unlike American and Japanese companies, German companies’ investment in China shows little sign of weakening. "Germany plays a very special role in China's economic development and foreign trade relations." Max J. Zenglein, chief economist at the Mercator Center for China Studies in Berlin, pointed out that electronic products and electronic technology , as well as machinery and chemicals, remain Germany's important export products to China. "As countries such as the United States and Japan have more acute relations with China, Germany plays an important role in accessing technology and capital and is definitely in an advantageous position in this regard."
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  2. The German Automobile Industry Association also issued a document on April 13, publicly opposing the EU's imposition of additional tariffs on Chinese imported electric vehicles, saying that this may trigger a trade war, threaten German employment, and endanger the EU's goals of promoting electric vehicles and transforming to digitalization.
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  3. Representatives of the German automotive industry pointed out that thousands of jobs in Germany depend on the revenue generated by the Chinese market. "China is the largest car market in the world. We are a leading luxury car manufacturer. We have strong development in China and have a strong influence." Mercedes-Benz CEO Ola Kaellenius said in an interview with the German Public Broadcasting Alliance (ARD) Said this during the interview. "Exiting such a large market is not an option. Instead, we are expanding our position here."
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