Survey Proves China’s Success in Trade War United Front with GermanyPosted: May 29, 2019
SCMP says in its report “German firms find US less reliable than China as trading partner after getting caught between Trump and a hard place to do business” yesterday, “China ranked higher than US and Britain as trading partners in a survey of 2,000 German companies by Commerzbank”
According to the survey, “China was ranked third in an assessment based on political and economic conditions affecting trade, with a score of 30, led by Germany itself way out ahead on 65, and France on 39. The US, in fourth place, was a long way behind on 17 points, followed by Italy (11), Russia (10), Great Britain (8), Brazil (5) and Turkey (3), according to the results of the survey issued on Wednesday.”
China’s further opening-up with its new law on foreign investment succeeds in attracting German companies. US President Trump’s protectionism, on the contrary, will make things difficult for German companies to do business with the US.
Comment by Chan Kai Yee on SCMP’s report, full text of which can be viewed at https://www.scmp.com/business/banking-finance/article/3012302/caught-between-trump-and-hard-place-do-business-german.