日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / China US trade tensions

German family business company disturbed by US-China trade tensions

Xinhua | Updated: 2019-05-20 13:50
Share
Share - WeChat
Cargoes are unloaded from a container ship docked at Qingdao, East China's Shandong province on Jan 11, 2019. [Photo/IC]

OSTFILDERN, Germany - Located in the small, quiet southeastern German town of Ostfildern, Haenchen company is disturbed by the ongoing trade frictions between China and the United States.

"When tariffs rise, products become more expensive and usually less are bought," Stefan Haenchen, general manager of the family business, told Xinhua in the wake of the latest flare-up of US-China trade tensions.

Earlier this month, Washington increased additional tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent, and has threatened to raise tariffs on more Chinese imports.

In response, China announced that it will impose additional tariffs on a range of US imports from June 1, and "will fight to the end."

Established in 1925 and now having more than 200 employees, Haenchen company focuses its production on hydraulic cylinders and drive systems, and makes its products solely in Germany.

So far the company has not been directly affected by the US-China trade tensions, but Haenchen said he is concerned.

He fretted that as some potential Chinese buyers of Haenchen's cylinders may have to buy valves in the US market to go with the cylinders, the trade row would lead to higher prices of the valves and force the potential Chinese buyers to change their orders or even abandon Haenchen's cylinders altogether.

"For us, this means that we cannot sell the cylinder, even though we are not directly involved in the higher customs duties," he said.

In addition, Haenchen said his company has established business relations with companies in the automobile industry, where he found the situation has become more uncertain.

German carmakers BMW Group and Audi AG, both of which told Xinhua that it is free trade that made their success, are calling for free and fair trade relations.

"We are not interested in further escalating the trade conflict between the US and China," said a BMW spokesperson.

A spokesman of Volkswagen told Xinhua lately that the trade frictions between China and the United States have yet to exert a direct impact on its supply chain, but they do affect industry climate for consumers.

The People's Bank of China (PBOC), China's central bank, also warned in a recent report that uncertainties brought by trade frictions between China and the United States could have an adverse impact on the global economy.

It noted that the uncertainties and the impact on global supply chains caused by the trade frictions are being gradually unleashed, ranging from postponed enterprise investment decisions to easing external demand for some countries due to disrupted supply chains.

What concerns Haenchen most is the planning uncertainty incurred by the US-China tariff conflict.

"The planning uncertainty is always bad for the economy," he added.

His family company, now in its third generation, has businesses both in China and the United States, with a sales volume of 22 million euros ($24.57 million) in 2018 worldwide.

Independent family business companies like Haenchen's make up about 99.5 percent of total enterprises in Germany, according to statistics of Germany Trade & Invest, an economic development agency.

If the conflict continues or even gets worse, Haenchen said, the uncertainty will not only affect his company but the entire German economy.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 少妇特黄a一区二区三区 | 免费在线观看的av | 一区二区三区四区视频在线 | 97久久久| 成人免费看黄 | 亚洲精品在线视频 | 国产精品美女视频 | 91久久国产精品 | 在线播放一区二区三区 | 久久亚洲国产成人精品性色 | 一区二区三区在线免费观看 | 久久一区二区精品 | 操日韩美女 | 久久久久久免费毛片精品 | 99国产精品久久久 | 一区二区在线视频播放 | 性巴克成人免费网站 | 成人高清 | 日韩精品在线一区二区三区 | 性感美女av | 亚洲一区二区在线视频 | 美日韩一区 | 男人日女人免费视频 | 国产精品美女在线 | 免费特级黄毛片 | 黄色av影院 | 久综合| 亚洲一区 在线播放 | 日本午夜免费 | 日本少妇网站 | 日韩欧美久久久 | 日本精品久久久久久 | 中文字幕视频在线播放 | 久久久人| 欧美不卡视频在线观看 | 日韩视频在线观看免费 | 精品国产一区二区三区久久久蜜臀 | 日本va欧美va欧美va精品 | 久久久久久久久久久久国产精品 | 成人国产免费 | 午夜精品在线视频 |