Tensions between Beijing and Taipei are high. However, local German companies do not see a military escalation brewing. The economy of the island republic is expected to continue to boom in 2022.
By Redaktion Table
The majority of global imports of goods are split between the USA, EU and China. For the EU, China is in first place, followed by the USA, in terms of imports. Even China recorded an increase in imports compared to the previous year, despite the coronavirus pandemic. Trade with the U.S. has also increased despite sanctions. Nevertheless, Germany is by far China's largest trading partner. While China benefits from open markets in the EU and Germany, European companies are subject to restrictions and discrimination in China. Therefore, the EU and China have agreed on the EU-China Investment Agreement (CAI) to promote more reciprocity. From trade booms to import bans on goods from Xinjiang to dangerously expensive raw materials for import growth in China - read Import News from Table.Editor!
