BASF, Germany's largest chemical company, announced that it will permanently move its business to China!

BASF, Germany's largest chemical company, announced that it would permanently move its business to China. The reason given by the company is the increasingly high energy costs in Europe and the broad market in China.

It is reported that BASF is the chemical product base with the largest factory area in the world, and the Chinese market is now the second largest market of BASF in the world. Recently, BASF Group invested 10 billion euros to establish a base in Zhanjiang, Guangdong, which is the largest single project invested by German enterprises in China. Today, BASF's business in Greater China covers almost all areas of daily life, from automobiles, construction, food, crops, medicine, textiles, sports, clothing, household goods, electronic equipment to packaging.

At the same time, Volkswagen also announced that it was ready to move to China. Driven by BASF and Volkswagen, many German industrial enterprises moved to China.

In fact, the German government is particularly arrogant; This year, we can say that we can't get along with China, and we have always fought back several times, including German Foreign Minister Bereker, who has also repeatedly stood on the side of the United States and said bad things about China.

However, Germany does have a deep economic relationship with China, and its trade data has been breaking new records. Even when Germany began to run a trade deficit in June this year, China Germany trade is still growing rapidly. More importantly, the German automobile industry is also inseparable from the Chinese market. China is the most important market for German automobiles.