(Yicai Global) Oct. 22 -- China has been Germany’s most important trading partner for four straight years since 2015 and it became the European nation’s biggest export destination for the first time in the second quarter due to its quick recovery from the Covid-19 pandemic, according to the Federal Statistical Office of Germany.
Germany, meanwhile, is China’s biggest trading partner in Europe, a spokesperson for China’s Ministry of Commerce said today.
There is still much room for growth in terms of cooperation between the two countries in the traditional manufacturing industries as well as the digital economy, environment protection, industrial Internet, new energy vehicles and artificial intelligence, Gao Feng said.
China's outbound investment remained stable between January to September, despite the impact of the pandemic on cross-border investment. Non-financial direct investments in countries along the route of the Belt and Road Initiative grew 29.7 percent from the same period last year to USD13.02 billion, Gao said.
This shows strong economic complementarity between China and BRI nations. These countries are able to work together to overcome adverse factors, such as the pandemic, and promote the development of the BRI to benefit businesses and the people of these countries, he said.
Editor: Kim Taylor