The visit by Scholz has taken him to big Chinese cities including Shanghai and Chongqing.

He was joined by Germany’s top corporate officials such as Ola Kallenius, chairman of Mercedes-Benz, and Oliver Zipse, chief executive of BMW, underlining the importance of the Chinese market to Europe’s largest economy.

The Sino-German economic relationship should not only be cultivated but expanded, Mercedes-Benz Chairman Kallenius told German broadcaster ARD in Beijing on Tuesday.

“Withdrawing from such a large market is not an alternative, but rather strengthening our position,” he said on his company’s strategy in China.

BMW’s Zipse expressed a similar view on China, Germany’s biggest trading partner.

“We actually see more opportunities than risks,” he told the ARD news programme Tagesschau. 

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