国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Feature: German family business company disturbed by U.S.-China trade tensions

Source: Xinhua| 2019-05-20 11:07:30|Editor: Liangyu
Video PlayerClose

by Xinhua writer Zhu Sheng

OSTFILDERN, Germany, May 19 (Xinhua) -- 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 U.S.-China trade tensions.

Earlier this month, Washington increased additional tariffs on 200 billion U.S. dollars' 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 U.S. 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 U.S.-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 U.S. 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 U.S. 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 U.S.-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 (around 24.57 million U.S. dollars) 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.

(Xinhua reporters Zhai Wei in Brussels and Li Meng and Moritz Rommerskirchen in Berlin also contributed to the story.)

KEY WORDS:
EXPLORE XINHUANET
010020070750000000000000011100001380737061
主站蜘蛛池模板: 德格县| 周宁县| 论坛| 瑞丽市| 东至县| 义马市| 庄河市| 石城县| 汪清县| 湄潭县| 渑池县| 炎陵县| 靖宇县| 惠东县| 平山县| 六安市| 冕宁县| 红桥区| 漳州市| 武鸣县| 永靖县| 循化| 县级市| 湛江市| 小金县| 蒙自县| 张掖市| 长治市| 四子王旗| 铁力市| 兴城市| 长白| 龙岩市| 施秉县| 嘉禾县| 忻州市| 景德镇市| 合山市| 平阳县| 呈贡县| 石台县|