Navigating the ‚New China Playbook‘: Insights from CMS-EAC Seminar

Navigating the ‚New China Playbook‘: Insights from CMS-EAC SeminarAmidst the ever-changing landscape of global business, the CMS-EAC Seminar convened industry leaders and experts at the German Centre to explore the intricacies of the ‚New China Playbook‘. Against a backdrop of geopolitical tensions and evolving economic realities, the seminar provided a platform for robust discussions and insights into the challenges and opportunities facing foreign enterprises in China.The seminar commenced with a warm welcome speech, extending gratitude to esteemed panelists and attendees for their participation. Dr. Gang Yang, President of Trumpf China, and Mr. Ingarsia, CFO of Schaeffler Greater China, were among …

German FDI Targeting China on New Heights

German FDI Targeting China on New HeightsGermany’s financial engagement with China has soared in recent years, reaching a record of approx. €12 billion in Foreign Direct Investment (FDI) from Germany to China last year, as a recent study form the German Economic Institute shows. This investment trend underscores the complexity of the relationship between the two economies, as German companies seek to capitalize on China’s vast market despite government calls to reduce dependence.Investment in China has raised concerns in Germany and across the European Union. The German government has urged large companies to reduce their reliance on China, citing the …

Quo Vadis? Snapshot of the pharmaceutical industry in Germany

Quo Vadis? Snapshot of the Pharmaceutical Industry in GermanyHigh electricity and gas costs have impeded growth in the German pharmaceutical industry. But now, for the first time in over two years, the gas price went to its level of 2021 as it went below 30 Euros per megawatt hour in March 2024. High electricity and gas prices have been hindering growth in the chemical and pharmaceutical industries as they depend highly on energy for their operations.The adoption of a comprehensive pharmaceutical strategy by the federal government in December 2023 has instilled newfound optimism among industry players, signaling a renewed commitment …

The Resurrection of Southern Europe

The Resurrection of Southern EuropeIn recent years, Southern Europe has emerged as a beacon of economic resurgence, with countries like Portugal, Greece, and Spain leading the charge. This revitalization stands in contrast to the economic landscape of Northern Europe, with robust growth rates exceeding 5% in 2022, a testament to the region’s resilience and potential. While challenges remain, particularly concerning the sustainability of the growth as well as structural impediments, the trajectory of Southern Europe’s economy offers a promising narrative of growth and transformation.One of the key drivers behind Southern Europe’s economic revival is the composition of its economy, which …

China Outlook for 2024: A Perspective from German Companies

China Outlook for 2024 A Perspective from German CompaniesIn the latest Business Confidence Survey (BCS) conducted by the German Chamber of Commerce in China, findings reveal a complex landscape of opportunities, challenges, and strategic shifts among German businesses operating in China. Conducted between September and October 2023, the survey engaged 566 member companies, offering a comprehensive insight into the German business sentiment within the Chinese market.Despite a slower-than-expected economic recovery with 52% of German companies that have been surveyed stated a decline in their industry, China’s importance to the German economy remains undiminished. As Germany’s most important trading partner for …