German leader’s visit a vote of confidence in China’s economy (China Daily editorial)

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President Xi Jinping meets with German Chancellor Olaf Scholz during his official visit to China at the Great Hall of the People in Beijing on November 4, 2022. [Photo/Xinhua]

The significance of German Chancellor Olaf Scholz’s visit to China on Friday cannot be judged by his time in Beijing but by what it has achieved in terms of bilateral relations, trade and investment.

The fact that Scholz has become the first major Western leader to visit China in three years shows the impact of the COVID-19 pandemic on international trade and travel. And yet the United States, instead of mending the rifts, continues to use its unilateral and protectionist policies to divide the world into rival blocs to curb China’s rise. Germany is one of the countries that the United States wants to exploit to target China, because not only is it the largest economy in Europe, but it also has close economic and trade ties with China.

However, Scholz recognized China as an important trading partner of Germany and the European Union, and said he would deepen cooperation with China, promote bilateral investment and continue to uphold multilateralism and oppose decoupling.

Moreover, by leading a large team of German business leaders, Scholz not only cast a vote of confidence in the Chinese economy and market, but also showed that Germany still adheres to the strategic independence built by Angela Merkel, bringing huge benefits to the country and its trading partners like China.

This year marks the 50th anniversary of the establishment of diplomatic relations between China and Germany. Germany has been China’s largest trading partner in Europe for 47 consecutive years, and last year bilateral trade for the first time exceeded $200 billion, up 22.5 percent on a year, which shows how Washington’s efforts to “decouple” China from the rest of the world are.

Thanks to the complementarity of the Chinese and German economies and their common interest in upholding multilateralism and promoting globalization, the two sides have largely been uninfluenced by outside powers. And it is particularly encouraging to see the two sides agree to deepen their cooperation in a wide range of sectors, from mechanical, automotive and chemical engineering to smart manufacturing, industrial internet, artificial intelligence and economics. green.

As President Xi Jinping said, no matter how strong the resistance, as long as the two countries follow the principles of mutual respect, seek common ground while putting aside their differences, promote exchanges and cooperation. mutual learning and strengthen win-win cooperation, the general direction of bilateral relations will not deviate from the right track.

Scholz’s willingness to deepen Sino-German cooperation, promote investment, uphold multilateralism and oppose decoupling, and help improve China-EU relations is a valuable response from a great leader Westerners to China’s call for peaceful development.

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