Chinese market with two-digit growth helps boost German electronics exports significantly in the first half of the year, a recent report of Germany's electrical industrial association ZVEI showed.
The volume of German electronics exports has reached 101.7 billion euros (117.9 billion U.S. dollars) in the first six months, a year-on-year increase of 4.3 percent. It is the first time for the Germany's electronics industry to break the 100-billion-euro mark in the first half of the year.
Alone in the Chinese market, the sales volume reached 10.2 billion euros, representing a rise of 12.2 percent, the report said.
"As the largest importer of German electronic products, Chinese consumers show their trust in German electronic products and also the advantages of the German electronics industry," Jerome Hull, expert with German government agency Germany Trade & Invest (GTAI) said.
Germany far exceeds other countries in automotive electronics and industrial electronics, providing attractive investment opportunities for international companies, including Chinese investors, Hull added.
Since 2013, China has become the largest source of investment in the German electronics industry, with investment projects covering multiple areas of production and R&D in the industry, according to GTAI.
ZVEI owns over 1,600 members from German companies in the electric industry. Its members include global players, medium-sized and family-owned companies.