"I have personally felt that the recovery of the Chinese economy is stronger than what foreign comments suggest in many parts of China." Mu Wenze, a member of the Deutsche Bank Group Management Committee and CEO of Asia Pacific, Europe Africa Middle East, and Germany (foreign name: Alexander von Chul Mirren), recently stated in an interview with Xinhua News Agency that Deutsche Bank Group firmly believes in the long-term growth prospects of the Chinese economy and regards China as an important part of the global network layout. Mu Wenze told reporters that at present, most of the structural driving factors supporting China's economic growth have not changed, especially the strong and continuously expanding domestic demand market, which has always been an important cornerstone supporting the Chinese economy. He said that after this year's Spring Festival, China's economic activity has rebounded significantly, and its trend has exceeded the expectations of many people. Deutsche Bank Group released its latest forecast on the 16th, raising China's economic growth forecast for 2024 to 5.2%. In 1872, Deutsche Bank established its first overseas branch outside of Germany in Shanghai to support German corporate clients in developing in China. Mu Wenze emphasized that China provides abundant and highly attractive investment opportunities for German companies, making it a market of strategic importance in the eyes of many German companies. Mu Wenze said that China plays an irreplaceable and important role in the global supply chain ecosystem, especially in terms of technology in some segmented markets, and has obvious advantages in the integrated industrial chain of key components in fields such as new energy vehicles. In addition, Mu Wenze also observed that the investment direction of German companies in China is undergoing changes. In the past, German companies mainly invested in China in the production and manufacturing sector, producing products for the world in China; As China's strategic opportunities as an important consumer market become increasingly prominent, German companies will continue to make efforts in multiple industries to enhance their production and distribution capabilities in China. In recent years, China has continuously made new progress in opening up its capital market to the outside world, attracting financial institutions including Deutsche Bank to participate. Mu Wenze stated that the recent introduction of multiple new policies in the capital market has promoted the interconnection between the Chinese capital market and the global market, allowing Deutsche Bank to see enormous business development opportunities. Mu Wenze said that Deutsche Bank firmly supports global trade and connectivity, and believes that China plays a huge driving role in global trade. He said that the trend of sustained growth in two-way trade and investment flows between emerging markets will continue to accelerate in the future, and China will play a key role in it. (Lai Xin She)
Edit：Yi Jing Responsible editor：Li Nian
Source：XinhuaNet
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