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China's export prowess needs German imports

The Local · 20 Mar 2013, 07:13

Published: 20 Mar 2013 07:13 GMT+01:00

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A shortage of precision German machinery would leave Chinese industry in trouble, as most of the equipment used in the sector is German-made and plays a vital role in manufacturing goods it sells around the world, the study by the non-profit Bertelsmann Foundation said.

“German machinery plays a key role in Chinese industry,” said Helmut Hauschild from the Bertelsmann Foundation, which commissioned the study from the Prognos institute.

Reverse the roles, and China is an important provider of textiles and computers to Germany. Textile imports have grown significantly since 1992, when Chinese goods accounted for seven percent. They now make up over 30 percent.

Stronger still are Chinese imports of office equipment, computers and laptops which since 1992 have risen to make up 44 percent of that market.

Yet the study did suggest that China relied on Germany more than vice versa as China tended to export consumer goods – an area in which it did not have the monopoly.

Story continues below…

And in order for Germany to maintain its importance to China, it must “invest in research and development to be able to stand up against domestic competition in the long-run,” Hauschild said.

DAPD/The Local/jcw

The Local (news@thelocal.de)

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Your comments about this article

17:33 March 20, 2013 by Englishted
Here is a novel idea ,why not use those German built machines to make goods in Germany therefore creating jobs as opposed to selling one machine which will be copied no matter how good the patients on it are ,and killing manufacturing within this country.
20:04 March 20, 2013 by tangledeuro
If they real want to create a prosperous Europe trade should be developed with Eastern European countries with the help of technology & knowledge know-how of western European countries. Ousting China from top exporters will be a good way to develop competition, quality and boosting economy of other exporting countries.
03:38 March 21, 2013 by smart2012
China does not need Germany at all. It is the other wasy around.. without China Germany today would be dead (as Germany relies too much on export... and EU and USA demand declining)...
14:29 March 22, 2013 by vogel
...and China relies on what? import?....it relies also on export! China also needs german (=quality) products, but most important german know-how...
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