Over 10,000 people signed up to attend SAPPHIRE China, and over 100,000 tuned in to the event online. (Photo: SAP)

New technologies, products, and services will reinforce the position of the China and German economies in the world market, Schröder continued. SAP is a prime example of how commercial partnerships between China and Germany can advance both countries toward their economic and social goals.

“This conference proves that the experience and know-how of a company like SAP is of particular importance,” he said. “I can say that the Chinese partners are well advised to work together with the company intensively and sustainably.”

Business makes the world a better place

Schröder acknowledged the unique requirements of the countries, but noted both are facing the challenges of ensuring sustainable growth, a better distribution of wealth, and appropriate social security systems. “We both need to adjust our growth model to achieve the right mix between domestic economy and export-led models with sustainable growth,” he said.

“What the global economy needs now is growth and reforms,” he continued. “This is not only a task for politicians, but also a responsibility of business. Our response to these challenges will determine the direction our globalized world will take – politically and economically. The business communities are key driving forces in improving our economic and political relations.”

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