Sino-German economy complements the love of engineering machinery acquisition

Sino-German economy complements the love of engineering machinery acquisition In the past 2012, China was very keen to merge and acquire European companies, especially for German companies. Although initially the Germans were skeptical, the results often indicated that this was a win-win strategy. China can enable German companies to obtain capital, Asian markets, and economies of scale in production; China gets experts, technology, logistics, and brands from Germany. Since the global economic crisis in 2008, the relationship between Germany and China has become increasingly important. Economic complementarity is also increasingly evident.

In fact, demand from China is an important factor in the economic resilience of Germany during the crisis. China is Germany's third largest export market, second only to France and the United States. For China, Germany is China's most important partner in Europe. There are many complementary factors between China and Germany. For example, Germany has strong industrial power, and industry has important strategic significance for China. In addition, Germans can help vocational training in China, and this can ensure that German companies in China receive the skilled labor they need.

Some people even call Germany Germany in Europe. Both countries emphasize pragmatism in foreign policy, focus on business contacts, have a solid economic and industrial base, and always maintain a large trade surplus. German Chancellor Angela Merkel visits China every year. His predecessor is also the same, which also reflects the importance of Sino-German relations.

At present, the largest transaction between China and Germany is the acquisition of Putzmeister Machinery Manufacturing Co., Ltd. by Sany Heavy Industry. One of the characteristics of this acquisition is that Putzmeister still maintains an independent brand and owns its own management team, while Sany Heavy will strive to build a new global market leader in the field of concrete pumps. This example is a good example of how the new business alliance between China and Germany fully exploits their advantages.

In addition to large-scale mergers and acquisitions, German SMEs also attract Chinese companies by virtue of their technical advantages and expertise. At the same time, China also assisted Germany in the development of new energy sources. This kind of "Chinese-German manufacturing" cooperation is expected to evolve.

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