GERMAN SUCCESS FACTORS
2013
While the specific conditions of Chinese and German economies certainly differ in many ways and the two nations each must find its own solutions, there are some highly relevant take-aways that Germany can offer as China enters its next phase of development.
Of the many unique factors that enable German companies to be successful and competitive, we have selected the five key success factors that have the greatest relevance for China.
Government partnership in industrial R&D
Enabling the success of SMEs
Fostering home-grown clusters and networks
Training of highly-skilled workers
Internationalization and the drive for global leadership
In this report, we have laid out just a few of the excellent opportunities for best-practice transfer that Germany's economic model could offer China as the latter seeks to reshape itself into a middle-income, higher-productivity economy. Already, Germany is one of China's closest partners, with strong relations that have been forged over many decades. As the preceding observations make clear, the two countries' economies have many more interesting, informative parallels than may meet the eye.