Bilateral Trade between China and Germany Essay Example | Topics and Well Written Essays - 250 words

Bilateral Trade between China and Germany - Essay suitAccording to the research findings, it can, therefore, be said that Germanys imports and exports to China have increased by leash over the last year. Even this year the growth trends remain steady, with bilateral trade experiencing a 28 percent jump from the same time last year. The truth of the matter is that Germany is attractive for the Chinese to post in and vice-versa. These new trade connections have strengthened the relationship between China and Germany both politically and economically. China is looking to focus more on domestic consumption, which is something that is tempting for German companies to become a part of. On the other side of the coin, China can learn a great hand about German business practices and its advanced technology. This is very important to the Chinese economy because there is a lack of technological know-how among many Chinese manufacturing companies. Reciprocally, Germany can also do with the i nflux of Chinese investments because of the diminished economy within the European Union.