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    This is a "high-risk game"

    This is a “high-risk game”

    A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

    A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    How lucky are Indian children in the United States to get out of a "boarding school" alive?

    How lucky are Indian children in the United States to get out of a “boarding school” alive?

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Want to go to Mars? Solve these problems first.

    Want to go to Mars? Solve these problems first.

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    This is a "high-risk game"

    This is a “high-risk game”

    The government recruits "rat control chiefs" with high salaries in New York, USA

    The government recruits “rat control chiefs” with high salaries in New York, USA

    San Francisco "allows mechanical police to kill people" and Pandora's magic box opened

    San Francisco “allows mechanical police to kill people” and Pandora’s magic box opened

    Asia’s first star was online rioted by South Korean netizens

    Asia’s first star was online rioted by South Korean netizens

    scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

    scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

    Schedule of the 2024 Paris Olympic Games announced

    Schedule of the 2024 Paris Olympic Games announced

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

    Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

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    This is a "high-risk game"

    This is a “high-risk game”

    A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

    A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

    The government recruits "rat control chiefs" with high salaries in New York, USA

    The government recruits “rat control chiefs” with high salaries in New York, USA

    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    8 cases of hepatitis in children with unknown causes were found in Argentina

    8 cases of hepatitis in children with unknown causes were found in Argentina

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

    Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

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      This is a "high-risk game"

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      A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

      A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      How lucky are Indian children in the United States to get out of a "boarding school" alive?

      How lucky are Indian children in the United States to get out of a “boarding school” alive?

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Want to go to Mars? Solve these problems first.

      Want to go to Mars? Solve these problems first.

      Trending Tags

      • Google
      • Apple
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      • Science & Technology
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      This is a "high-risk game"

      This is a “high-risk game”

      The government recruits "rat control chiefs" with high salaries in New York, USA

      The government recruits “rat control chiefs” with high salaries in New York, USA

      San Francisco "allows mechanical police to kill people" and Pandora's magic box opened

      San Francisco “allows mechanical police to kill people” and Pandora’s magic box opened

      Asia’s first star was online rioted by South Korean netizens

      Asia’s first star was online rioted by South Korean netizens

      scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

      scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

      Schedule of the 2024 Paris Olympic Games announced

      Schedule of the 2024 Paris Olympic Games announced

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

      Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

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      This is a "high-risk game"

      This is a “high-risk game”

      A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

      A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

      The government recruits "rat control chiefs" with high salaries in New York, USA

      The government recruits “rat control chiefs” with high salaries in New York, USA

      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      8 cases of hepatitis in children with unknown causes were found in Argentina

      8 cases of hepatitis in children with unknown causes were found in Argentina

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

      Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

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      German media: China’s economy provides an important driving force for the world recovery process

      October 21, 2020
      in Business, Politics
      0
      China Support world economy

      German media: China’s economy provides an important driving force for the world recovery process

      how china economy recovered from corona The positive data for the third quarter released by the National Bureau of Statistics of China recently received great attention from overseas media. German public opinion generally believes that China’s economic upturn will play a positive role in the recovery of the world economy.

      China Support world economy

      The German “Business Daily” published an article titled “China Supports the World Economy” on its webpage on the evening of the 19th local time. 

      The report pointed out that China’s GDP, after a record year-on-year decline of 6.8% in the first quarter of this year, reversed in the second quarter and increased by 3.2%, becoming the first major world economy to achieve growth since the outbreak of the Covid-19.

      The 4.9% growth rate continued to maintain this steady recovery. 

      The article stated that China’s economic growth has revived the export hopes of German companies frustrated by the Covid-19 crisis. Various industries including automobiles, machinery manufacturing, and logistics have reported good news for growth.

      Specifically, before the outbreak of the Coronavirus, China was the most important sales market for German automakers. At the moment, the auto industry, which has been hit hard by the epidemic, sees it as a life-saving straw. 

      The article uses Daimler AG as an example, saying that the company reported last week the profit growth of its core brand Mercedes-Benz. 

      how china economy recovered from corona

      how china economy recovered from corona Preliminary data shows that thanks to the rapid recovery of China’s business, Mercedes-Benz’s operating income in the third quarter reached 3.1 billion euros, an increase of nearly 15% compared to the same period last year. 

      The Chinese market contributed nearly 40% of Mercedes-Benz’s passenger car sales in the current quarter, reaching approximately 224,000. 

      Previously, due to the implementation of the epidemic lockdown, Mercedes-Benz’s sales in China in the first quarter fell by 20% year-on-year. Today, sales in the first three quarters of this year have increased by 8.3% year-on-year.

      Nicholas Peter, the chief financial officer of the BMW Group, also believes that “Asia is the locomotive of global car sales.” Because the company’s sales in China in the third quarter were also very gratifying, an increase of 30% compared with the same period last year. 

      The CEO of Volkswagen China Feng Sihan also revealed that the group’s Audi brand achieved its best performance since entering the Chinese market 32 ​​years ago in the third quarter of this year.

      Similar positive feedback also comes from large German logistics and machinery manufacturing companies. Industry giants including Deutsche Post, engine manufacturer Deutz, shipping company Hapag-Lloyd etc.

      have all stated that their Asian business is recovering and have raised their profit forecasts for the entire year. Businesses in Asian countries such as Siemens and China have once again shown a good momentum of development.

      Regarding whether the Chinese economy can once again become the growth engine of the global economy like the financial crisis 10 years ago, the article quoted the head of the German Institute of Economics, Freizzer, saying that the large-scale stimulus measures adopted by the Chinese government are working.

      China economic recovery

      China economic recovery is stronger than most countries in the world. Given that China has successfully contained the epidemic and quickly restarted its economy, Germany is expected to benefit from the recovery of world trade, mainly driven by Asia. 

      Felbermeier, director of the Institute of World Economics in Kiel, Germany, also believes that China is the main support for Germany’s current economic development, and this momentum will continue to promote the steady progress of Germany’s recovery in the coming months.

      German “Der Spiegel” published a report on the 20th that China’s positive economic data is undoubtedly good news for Germany. 

      The article cited the opinions of experts on China issues and pointed out that China has

      gradually emerged from the epidemic crisis, and a series of government measures have effectively

      avoided economic losses, especially the negative impact on the middle class. 

      This can be seen in the renewed enthusiasm for consumption of the Chinese people:

      the total retail sales have once again achieved positive growth, and the total private

      consumption in September this year even increased by 3.3% year-on-year. 

      With the support of policies such as tax cuts and fee reductions, emergency relief loans, and

      shopping allowances, the pressure on small, medium and micro enterprises and individuals has been significantly eased. 

      During the first National Day Golden Week, China’s consumer market has clearly recovered. Tourism, catering and shopping, culture and entertainment have all shown a prosperous situation almost the same as before the epidemic.

      how china economy recovered from corona
      Screenshot of German “Der Spiegel” report

      importance of the Chinese market is self-evident

      The report said that for the export-oriented German economy, the importance of the Chinese market is self-evident. During the epidemic, China became Germany’s second largest export destination country. 

      From January to August this year, Germany exported goods worth about 60.3 billion euros to China. The article also likened China to the savior of the German auto industry.

      Saying that in the second quarter, when most of the western industrial countries’

      economic and social activities

      53% of Volkswagen’s

      global sales were

      how china economy recovered from corona

      attributed to the Chinese market. 

      The proportions of Daimler and BMW are 45% and 44%, respectively.

      In an interview with Der Spiegel, German auto industry expert Dudenhof said that

      China is dragging the world auto economy out of the bottom like the financial crisis in 2008 and 2009:

      “If the auto industry still has a growth engine, That must be China.”

      He analyzed and pointed out that in response to the sudden decline in car sales at the beginning of

      The epidemic, the Chinese government promptly adopted measures such as issuing new car purchase

      allowances and relaxing restrictions on license plate registration, which effectively promoted the recovery of the car market.

      Tags: ChinaEconomyGermany

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