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Economy calls for more involvement in Asia outside China

The Asia-Pacific Committee of German Business (APA) advocates a broader spread of German involvement in the Far East. Germany should not consider the People’s Republic as the only growth market but take a look at the Asian region as a whole, it said. “If we want to maintain the level of prosperity in Germany and the EU for the future, we must participate more in the high development dynamics in Asia-Pacific,” APA Chairman Joe Kaeser said on the publication of an APA position paper on Wednesday. “This applies particularly to safeguarding European interests in the competition between the two economies of China and the US.”

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