German corporations are doubling down on China’s market boom, even as EU leaders debate tougher trade rules. Mercedes-Benz CEO Ola Kaellenius fired a warning shot this week: “Protectionism would backfire on Europe’s economy.” His message? Let the cars roll freely. 🛣️
And it’s not just automakers feeling the love. A new survey by the German Chamber of Commerce in China reveals 78% of German firms see steady growth in China over the next five years. Nearly half predict annual expansion of 5-20%, with big players even more bullish. 💼
Take Bosch China, for example. President Xu Daquan called China a “key innovation hub” after the tech giant racked up 139.1 billion yuan ($19.5B) in 2023 sales here. With 58,000 local employees, Bosch is turbocharging investments in R&D and partnerships. 🔧
The numbers don’t lie: German direct investment in China hit a record 11.9B euros ($12.7B) last year, per the German Economic Institute. Over the past three years, companies pumped as much cash into China as they did from 2015–2020 combined! 💶
So why the rush? From electric vehicles to smart factories, China’s market isn’t just huge—it’s where the future’s being built. And German firms aren’t missing the ride. 🚀
