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Licensed Unlicensed Requires Authentication Published by De Gruyter October 18, 2023

German Chinese Economic Relations: Necessary Reassessment

  • Michael Hüther EMAIL logo
From the journal The Economists’ Voice

Abstract

Since the globalization of China has not been accompanied by an opening of its political system and society, political conditions for the economic development must be viewed in a global context. In addition to the economic slowdown, China faces a demographic challenge that has been ignored for a long time, and social upheavals have also been overlooked in the West in the euphoria over the market potential in the People’s Republic. The economic dependencies between the German and Chinese economies are two-sided. German companies should assess the risks of their China engagement, while corporates strategies are no substitute for a courageous foreign trade policy.

JEL Classification: F01; F02; N15

Corresponding author: Michael Hüther, German Economic Institute, Cologne, Germany, E-mail:

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Received: 2023-09-27
Accepted: 2023-10-04
Published Online: 2023-10-18

© 2023 Walter de Gruyter GmbH, Berlin/Boston

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