source: Ministry of Commerce of the People’s Republic of China

As the headline of German Business Daily revealed on Jan.2, the result of investigation over 1200 senior managers of Europe conducted by German Droege & Comp., who was entrusted by the newspaper, had shown that one third of these European senior managers had believed the competitiveness of Chinese economy was “pretty good”, and other 40% commented “good”. Since this investigation started in 2003 by this company, China has been granted with the top title on international economic competitiveness for five consecutive years. Both Germany and Switzerland ranked the first on economy competitiveness in Europe, higher than Japan and America. Bert Rürup, chairman of Fünf Wirtschaftsweisen of German think tank, believed that the rise of German economic competitiveness was due to structural reform and technical innovation of German enterprises in the past several years, and slow growth of salary, tax cutting as well as flexible labor policy of the government. In 2007, the stocks of 30 largest German listed enterprises held by foreign investors increased from 20% in 2005 to 53%. This also demonstrated a positive view from foreign investors on the competitive edge of product export ratio of German enterprises. Meanwhile, it also indicated their distrust on US dollar.