Summative Assessment
Jeffrey G7-1Germany Trade with China
Report
1) The formal trade relations started with the signing of the Treaty
of Tianjin in 1861, which allowed Germany and other Western
countries to trade directly with China.After the German Empire
was founded,the trade connection between these two countries
have became closer,the machinery and industry products are
used to trade,for example,
Tea and silk,these are the major ones. The values are
approximately close to 78 billion dollars.The pictures are shown
below:
Picture Sources: https://daxueconsulting.com/prospects-behindgreat-wall- chinese-business-trade-partners/
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2) The goods trade between these countries:
Machines ,Textiles,Cars,Motor vehicles,Planes ,Helicopters or
Spacecrafts are traded between these two countries.
1. Machines: Computers ($12.5B), Electric Batteries ($8.08B),
and Broadcasting Equipment ($8.03B). During the last 27
years the exports of China to Germany have increased with a
obvious number.
2. Late information for textiles: China's textile exports grew 9.6
percent year to $291.22 billion in 2020.Examples: and
specialized fabrics used in automotive, medical, and
protective clothing.
3. Vehicles:There are many cars that China trade with Germany.
Brands like BMW, Mercedes-Benz, Audi, and Volkswagen are
highly popular in the Chinese market and represent a large
amount in Germany's exports.
3)How are goods trade between these two countries:
1. Containerships: The most common way for transporting goods
between Germany and China is container shipping. Main
seaports like Hamburg in Germany and Shanghai in China are
the main hubs.
2.
Major airports such as Frankfurt Airport in Germany and
Beijing Capital International Airport in China are the airports act
as trade hub.
4)How does the trade benefit both China and Germany:
1. The trade between these two countries can promote the
relationships between China and Germany,because there are
more interactions between these two countries in both pysical
and cultural ways.
2. The trade can also bring sustainability for both two
countries,the goods are trade will let both countries get what they
want and their citizens will also be very happen,as a result ,the
countries will develop in order and will have a bright future.
3. The companies or corporations between these two countries
may also connect together and let more people to have job,and
bring more investment opportunities ,the companies and
corporations in both countries will grow together .
4.The citizens in both Germany and China will have more choice
of living,and more things like cars,computers ,houses they are
available to choose,which brings a diverse range of these two
countries.
Pictures are shown below:
Sources:
China's
textile,
garment
exports
expand
in
2020(China's textile, garment exports expand in 2020)
OEC China and Germany(China's textile, garment exports
expand in 2020)
China-Germany relations: Trade cooperation thrives in half a
century(China-Germany relations: Trade cooperation thrives in
half a century)
China remains Germany’s biggest trade partner for the 5th year:
report(China remains Germany’s biggest trade partner for the 5th
year: report)