Merkel's visits to China aimed at forging 'special' ties
Updated: 2015-10-29 10:09
(Xinhua)
|
||||||||
German Chancellor Angela Merkel arrives at the international airport in Beijing, China, Oct 29, 2015. [Photo/IC] |
Booming economic ties
Nadine Godehardt, a China expert from the German Institute for International and Security Affairs (SWP), said the particularities of Sino-German relations are based, above all, on their flourishing trade relations, which are very important for both sides.
"A lasting special relationship between Germany and China is well founded because of the mere fact that Germany is by far the largest trading partner of China in the EU," Kadura said.
"With Germany, China probably has the strongest partner relationship in Europe. A look at the economic cooperation illustrates this: Germany has become China's most important economic partner in Europe in 2014 with a trading volume of over 150 billion euros ($165 billion); China is Germany's most important trading partner in Asia," he added.
According to Chinese official statistics, the trade volume between China and Germany has reached 177.8 billion dollars in 2014, accounting for around 30 percent of China-EU trade volume.
Close cooperation between the German and Chinese governments has clearly strengthened, and promoted bilateral trade and investment relations in the last decade, noted Benno Bunse, CEO of Germany Trade and Invest, adding that German exports to China have more than tripled since 2004, while imports of Chinese goods have more than doubled.
The cumulative amount of German direct investment in China has increased by more than 300 percent during 2004-2013, Bunse told Xinhua. Meanwhile, Chinese investment in Germany has also increased rapidly.
According to a report by Germany Trade and Invest, China has become the number one investor in Germany in 2014 with record 190 investment projects, ahead of the United States with 168 projects and Switzerland with 130 projects.
- When Keqiang meets Merkel
- Merkel heads to Turkey in bid to fix Europe's refugee crisis
- Merkel rebuffs pressure from her party to get tougher on refugees
- Innovation to dominate Merkel's next China visit: German Ambassador
- Merkel, Hollande appeal to MEPs for EU unity
- China welcomes Merkel's China visit this year
- China's Five-Year Plan popularized by bizarre cartoon
- Strategic assessments to reduce pollution
- Chinese diners hit by bad news on processed meat
- Major environmental protection achievements during the 12th Five-Year Plan (2011-15)
- China looks to innovate the disabled aid industry
- Consumption of red or processed meat causes cancer
- Netherlands king enjoys local flavors of Yan'an
- NBA MVP Curry scores 40 points, Warriors win opener
- Top 10 replicas of foreign sites across China
- Traffic lights out? No problem for these two heroes
- Traditional Chinese elements dazzle at China Fashion Week
- They live in Russia, but shop in China to save money
- Survivors receive treatment after strong earthquake in Pakistan
- Ten cancer-causing foods you probably eat every day
Most Viewed
Editor's Picks
8 highlights about V-day Parade |
Glimpses of Tibet: Plateaus, people and faith |
Chinese entrepreneurs remain optimistic despite economic downfall |
50th anniversary of Tibet autonomous region |
Tianjin explosions: Deaths, destruction and bravery |
Cinemas enjoy strong first half |
Today's Top News
Tu first Chinese to win Nobel Prize in Medicine
Huntsman says Sino-US relationship needs common goals
Xi pledges $2 billion to help developing countries
Young people from US look forward to Xi's state visit: Survey
US to accept more refugees than planned
Li calls on State-owned firms to tap more global markets
Apple's iOS App Store suffers first major attack
Japan enacts new security laws to overturn postwar pacifism
US Weekly
Geared to go |
The place to be |