Chinese market 'indispensable' for German economy - Thyssenkrupp CEO

Kitco Media
By Reuters
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Reuters
FRANKFURT, May 11 (Reuters) - China is indispensable for Germany's economy, outgoing Thyssenkrupp Chief Executive Martina Merz said on Thursday, responding to efforts by Berlin to lower dependence on the world's second-largest economy. "I think we all know that the Chinese market is very important, even indispensable, for the German economy," Merz, who will leave her post at the end of the month, told journalists after presenting second-quarter results. Merz said that the company had so far not experienced any negative effects on its China business, which includes a facility in Shanghai where it assembles production lines for automotive components. "We have, of course, reviewed serious disruptions in trade relations with China, and these would naturally also have consequences for our business in China." (Reporting by Christoph Steitz Editing by Miranda Murray)

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