China Embraces German Investment Boost in Green Tech and Innovation

China is actively seeking to strengthen its partnership with Germany in the areas of green technology and digital innovation, aiming to foster investment and sustainable growth. This initiative was highlighted by Chinese Vice Commerce Minister Ling Ji during a roundtable discussion focusing on German-invested enterprises.

Ling Ji, who also holds the position of China's Vice International Trade Representative, led the meeting which featured key attendees including Stephan Grabherr, Chargé d'Affaires of the German Embassy, and various representatives from the German Chamber of Commerce in China. Over 60 German companies and industry groups were present, including notable names such as BASF, BMW Group, and Bayer.

The Vice Minister underscored that Germany has long been China's largest trading partner in Europe and a vital source of foreign investment since the two countries established diplomatic relations more than 50 years ago. This partnership has been characterized by mutual benefits and shared successes.

During the period of the 15th Five-Year Plan from 2026 to 2030, China intends to continuously promote high-level opening-up and advance high-quality development. Ling emphasized that these efforts will generate substantial opportunities for enhancing bilateral economic collaboration.

Highlighting the vast potential for cooperation, Ling expressed his hope that German companies will increase their exports of superior products and technologies to China while also amplifying their investments in the Chinese market.

Both nations are staunch advocates of free trade and the multilateral trading system. Ling noted that China and Germany are committed to creating a fair, stable, and transparent business environment for enterprises operating in their respective markets.

Representatives from the German business sector remarked that the 15th Five-Year Plan reveals new sources of economic growth for China, showcasing increased investment confidence. They view China as a crucial global innovation hub and a 'gym' for enhancing competitiveness.

These representatives conveyed their eagerness to solidify their market presence in China and to integrate more closely into the global value and innovation chains, contributing to China's pursuit of high-quality development.

Addressing concerns from German firms regarding issues like government procurement and intellectual property protection, officials from various Chinese ministries, including the Ministry of Commerce and the National Development and Reform Commission, reaffirmed their commitment to improving the overall business environment.