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German Chinese Economic Relations: Necessary Reassessment

Author

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  • Hüther Michael

    (German Economic Institute, Cologne, Germany)

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.

Suggested Citation

  • Hüther Michael, 2023. "German Chinese Economic Relations: Necessary Reassessment," The Economists' Voice, De Gruyter, vol. 20(2), pages 293-300, December.
    • Handle: RePEc:bpj:evoice:v:20:y:2023:i:2:p:293-300:n:11
    DOI: 10.1515/ev-2023-0052
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    More about this item

    Keywords

    de-globalization; de-risking; China; middle-income trap; demographic change;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East

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