Deutsche Bank ready to help German firms’ China ambitions

© Tzogia Kappatou

The South China Morning Post is reporting that the trade war between China and the US is proving beneficial for German companies. Chief executive of Deutsche Bank in the Asia-Pacific Werner Steinmeuller has pointed to an expansion in its operations in the people’s republic with increased investments in technology and new staff. He says there has been a “clear advantage” for both German and Chinese firms from the tensions with the US. And Mr Steinmueller does not believe this is limited to his bank. He expects other German companies to increase their investments, paving the way for a German logistics operator march on Beijing?