Five graphs showing Germany’s dependence on China

Berlin Chancellor Olaf Scholz (SPD) is on a state visit to Beijing this Friday. There is a lot at stake, politically, but above all economically. The People’s Republic has been promoting a policy of decoupling for years and wants to position itself as independently as possible from the western world.

The federal government, in turn, fears that the imbalance in the dependency of the two economies will continue to grow. She wants more diversification. But many German companies continue to invest diligently in China.

There are concerns that a Chinese attack on Taiwan could result in an abrupt end to economic relations. And that this would cause enormous damage to the Federal Republic in particular. But how great is Germany’s dependence on China?

1. German trade deficit with China keeps increasing