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Bilateral Trade between China and Germany - Essay Example

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This research will begin with the statement that bilateral trade between China and Germany will continue to grow at alarming rates. The driver of this force is the many contracts that have been made between the two countries’ governments to boost bilateral trade…
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Bilateral Trade between China and Germany

Download file to see previous pages... According to the research findings, it can, therefore, be said that  Germany’s imports and exports to China have increased by one-third 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 invest 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 deal 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 influx of Chinese investments because of the weakened economy within the European Union. ...Download file to see next pagesRead More
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