China in pursuit of luxuries and technology

Trade between Germany and China is on the rise, opening up more opportunities for trade finance, says Commerzbank.
Michael Kotzbauer, Commerzbank
Michael Kotzbauer, Commerzbank

Many Western corporations have traditionally turned to mainland China for their supplies. But as these Chinese companies expand domestically and cross-border, they are demanding supplies from Western companies to fuel their own growth. At the same time, the affluent population in the world’s second largest economy is rising rapidly, sparking strong growth in China for exports to and imports from Germany, says Michael Kotzbauer, Asia regional board member at Commerzbank. And burgeoning trade flows means opportunities for transaction banks and their trade finance businesses.

German exports to China have increased at a compound annual growth rate of 15.5% since 2004, while total exports have remained flat according to Kotzbauer....

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