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German firms make decisive contributions to economy

By Dr. Richard Hausmann | China Daily | Updated: 2008-10-24 07:58

German firms make decisive contributions to economy

In the course of China's opening started by Deng Xiaoping's reforms in 1978, German-Chinese economic relations have developed into a great success story. The Chinese government's reform policies established a new framework within which German industry and commerce was again and again able to give new and decisive momentum to growth through its investments.

30 years of cooperation

A significant element of the cooperation between German and Chinese enterprises in the last 30 years has been training Chinese employees and technology transfer. According to the National Development and Reform Commission of China, Germany has brought more technology to China than any other country.

German firms make decisive contributions to economy

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