CEO of Merck Group in Germany, Ge Lihe: Decoupling from China will incur huge economic costs. Executive Board | China | Economy
According to Reuters, the Chairman and CEO of Merck Group in Germany, Greihe, stated at a press club event in Frankfurt on Monday evening that lifting trade relations with China would come at a huge economic cost. She hopes to ease tensions between China and Western powers through dialogue.
On the evening of the 5th, Ge Lihe, Chairman and CEO of the Executive Board of Merck Group in Germany, took photos at a press club event.
The report states that for several months, lawmakers in the United States and Germany have been calling for a reduction in trade with China to reduce dependence on China. "When I hear politicians say we must decouple, I think it's not feasible... decoupling will take 20 years to achieve, and for what?" said Ge Lihe
"Globalization brings benefits, innovation, and cooperation to the world, but we take risks in a globalized world," added Ge Lihe.
![CEO of Merck Group in Germany, Ge Lihe: Decoupling from China will incur huge economic costs. Executive Board | China | Economy](https://a5qu.com/upload/images/8714824df4754aa9e869e849f74ad8f7.jpg)
The report mentioned that Ge Lihe stated last month that Merck Group will further increase its investment in China and establish a supply chain in China to avoid disruptions to the import of key raw materials in trade disputes.
In recent years, trade exchanges between China and Germany have continued to deepen. According to the Frankfurt Report on February 6th, according to data from the Federal Bureau of Statistics, Germany exported 107 billion euros to China and imported 191 billion euros from China in 2022, with a total import and export volume of 298 billion euros. China has become Germany's most important trading partner for the seventh consecutive year.
At the beginning of this year, representatives of German companies accompanying German Chancellor Scholz on his visit to China also included Greyhose, Chairman of the Executive Board and CEO of Merck Group. Timo Brenner, Global Relations Director of Merck Group, recently told the Global Times in an interview