Interconnection
China and Europe should blaze a path of win-win for each other
Seetao 2022-04-29 10:45
  • Concerns about economic security and reliance on China have grown in Germany in recent years
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2022 marks the 50th anniversary of the establishment of diplomatic relations between China and Germany. Wu Ken pointed out that over the past 50 years, China-Germany relations have transcended differences in history, culture, social system and development level, and have become the most active and dynamic group of bilateral relations in China-EU relations. The trade volume between the two countries has grown from less than 300 million US dollars at the beginning of the establishment of diplomatic relations to more than 240 billion euros in 2021. Germany is not only China's most important trading partner in Europe, but China has also been Germany's largest trading partner for six consecutive years.

Wu Ken said that the 50 years since the establishment of diplomatic relations between China and Germany has been the 50 years of China's rapid development. China's rapid development has also provided market opportunities for foreign-funded companies, including German companies, and gained considerable business profits through trade and investment. But in recent years, Germany's concerns about economic security and its reliance on China have increased unabated, and some have even raised economic relations with China to the level of "system competition". Wu Ken said that this has brought a lot of uncertainty to the exchanges and cooperation between the two sides. "The background of Sino-German and Sino-European relations are partners, not competitors, and differences in systems and ideologies should not be a stumbling block for future cooperation between the two sides." Wu Ken pointed out, "mutual respect, openness and inclusiveness, seeking common ground while reserving differences, and win-win cooperation" The successful cooperation between China and Germany over the past 50 years has left us with the most important experience and inspiration.

Communication between countries is like getting along with others. To transcend differences and build consensus on cooperation, we must accept each other's differences with an open and inclusive attitude and respect each other's choices and concerns. Wu Ken said that under the conditions of a market economy, competition is an important driving force to ensure market vitality and innovation power. Competition is not terrible, the key is to treat it rationally and correctly.

China and Germany and China and Europe can take a win-win road, which not only improves themselves, but also illuminates each other. Wu Ken pointed out that the close economic ties between China and Germany are the epitome of economic globalization, and the industrial chains of the two sides have changed from "complementary" to "mutual integration", which is the result of market laws and business decisions. In the context of economic globalization, if there is economic dependence, it is not a one-way street. German companies need a huge market in China, and Chinese companies also need cooperation with Europe and Germany. Industrial chain transfer and artificial decoupling go against economic laws. It is neither sensible nor realistic. It does not serve the interests of either China or Germany, nor will it bring security and prosperity. "China and Germany, as the largest economies on both sides of the Asia and Europe, deepen mutually beneficial cooperation, not only to achieve their own development, but also to inject confidence and impetus into the global economy." Wu Ken said that China-Germany cooperation has shown strong resilience and great potential under the epidemic It is a vivid portrayal of the highly complementary economies of the two countries and the deep integration of interests. Keywords: One Belt One Road, One Belt One Road news, One Belt One Road project

He emphasized that although the epidemic has brought inconvenience to personnel exchanges between the two sides, the difficulties are only temporary. China will never isolate itself as some Western media say. Once the door of China's opening is opened, it will never be closed. China and Germany have great potential for cooperation in the new round of industrial revolution and green sustainable development. The economic community should seize the opportunity and continue to make the cake of pragmatic cooperation bigger.Editor/XuNing

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