Tech start-ups, SMEs to be main players in Sino-German cooperation: report

The flags of Germany and China are seen in Berlin, Germany, June 19, 2023. BEIJING - German high-tech start-ups and small and medium-sized enterprises are expected to be main players in the future cooperation between China and Germany, said a report issued at a two-day forum for Sino-German industrial cooperation and development that ended on Tuesday. The report, titled "China-Germany Hidden Champions Industrial Cooperation Research Report," studies the history and attributes of German hidden champions, as well as inspirations the Chinese companies could draw from, especially those specialized and sophisticated enterprises that produce new and unique products. "Focus, long-termism and innovation are the features of German hidden champions and are worthy of reference for Chinese enterprises," said Peng Jian, chief expert of the report research group. The report suggested, in order to further attract excellent German SMEs to invest in China, local authorities and enterprises need to reassure them of the level playground, policy stability, and cooperation security.