Companies expect increasing demand in China.
(Photo: Getty Images)
Dusseldorf No western industrialized country has such strong economic ties to China as Germany. The DAX companies generate around 15 percent of their sales there, for the car manufacturers BMW, Daimler and VW, the semiconductor manufacturer Infineon and Covestro it is the largest sales and individual market, ahead of Germany.
Their risk is that the Taiwan conflict could escalate and sanctions could reduce or disrupt trade. There are price opportunities because companies can sell even more goods in China after the country has ended its restrictive zero-Covid policy and demand is therefore increasing rapidly.
In addition, some investors who want to benefit from Chinese growth without buying Chinese stocks are likely to turn to German companies with a high proportion of China. That’s what Ulrich Stephan, chief investment strategist at Deutsche Bank, suspects. The Handelsblatt highlights the shares of companies from the Dax and MDax with the highest share of sales in China. They are between 22 and 49 percent.
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