Chinese market crucial for German firms

The booth of Chinese wind turbine maker Sany is seen at the Hamburg 2024 WindEnergy fair in Hamburg, Germany, September 24, 2024, where Sany is said to start production in Europe by 2026 and is in advanced talks with potential European customers. REUTERS/Riham Alkousaa

BERLIN: “German investments in China reached a new record in the first half of 2024, continuing the upward trend from 2023, when investment levels also set new benchmarks,” Hermann Simon, a prominent German economist known as the father of the “hidden champions” theory, tells Xinhua in a recent interview.

This year marks the 10th anniversary of the comprehensive strategic partnership between China and Germany.