China is developing and growing into the role of the next global economic power house. Despite occasionally possible temporary periods of slower growth, we expect in general continuous expansion of the Chinese economy for many years to come. This growth has and will have considerable impact for the world economy and trading streams, being located in China, Deutsche Leasing China will help you make use of the growth potential in the Chinese markets to your and your clients benefit.
Some current key facts on the Chinese economy:
| – | Measured in nominal GDP China is already now worldwide number 4 behind the USA, Japan and Germany.
| | | – | The real GDP has more than doubled between 1995 and 2005.
| | | – | The average annual growth rate has been 9.5%.
| | | – | Between 1995 and 2005 the external trade volume has increased from USD 280 billion to 1,420 billion.
| | | – | Recently the FX reserves of China have exceeded USD 1,000 billion.
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The close trade trade relations between China and Germany are also reflected in increasing trading figures with the trading balance recently in favour of China. Direct investment, namely from Germany to China, has grown over the years as well.
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Key trade figures Germany/China 2004, 2005 and I/II-2006 |
| Key figure |
2004 |
2005 |
I/II-2006 |
| Imports from China to Germany |
32.8 bill. |
39.9 bill. |
22.7 bill. |
| Exports from Germany to China |
21 bill. |
21.3 bill. |
12.1 bill. |
| Balance (from Chinese perspective) |
+11.8 bill. |
+18.6 bill. |
+10.6 bill. |
| Position on the list of German trading partners export/import |
10/6 |
11/4 |
n/a |
| German direct investments into China |
1.1 bill. |
3.0 bill. |
n/a |
| Chinese direct investments in Germany |
0.1 bill. |
0.1 bill. |
n/a |
| Total foreign investment into China |
60.6 bill. USD |
72.4 bill. USD |
n/a |
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Source: bfai |
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Good reasons for engagement into China
| – | Continuously growing economy with favorable mid-to long-term outlook | | | – | Untapped market potentials in the domestic economy | | | – | Comparatively cost efficient production location coupled with good export opportunities into regional and global markets | | | – | Excellent reputation of German industrial equipments and machinery | |
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