Berlin Large companies such as VW, BMW or the chemical group Covestro now make 20 to 35 percent of their sales in China – and many continue to invest in the market.
However, the high dependency of individual companies on the Chinese sales market and a high dependency on China for raw materials distort the view of the overall picture, as a still unpublished study by the German Economic Institute (IW) shows. It is exclusively available to the Handelsblatt.
On the one hand, the authors of the study examined the dependence of German industry on Chinese inputs. They compared China’s share with deliveries from abroad as a whole. On the other hand, they analyzed the extent to which the manufacturing industry is dependent on China as a sales market for its inputs.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue