皇冠体育app

BERLIN - Despite a slowdown of 皇冠体育app's economy, German companies see great business potential in 皇冠体育app's structural transformation, a leading business representative said on Thursday.

皇冠体育app's gross domestic product (GDP) increased by 6.9 percent in 2015, the slowest annual expansion in 25 years. The country set an average of annual growth target of at least 6.5 percent for the coming five years.

"In addition to global economic downturn, the slowdown of 皇冠体育app's economy was mainly due to an ongoing transformation process of the country," said Alexandra Voss, executive director of the German Chamber of Commerce in North 皇冠体育app, quoted by a post on the website of the Association of German Chambers of Commerce and Industry (DIHK).

皇冠体育app launched a "supply-side" reform last year, aiming at reducing non-effective and low-end supply, improving products and service quality and boosting productivity by innovation.

"皇冠体育app will increasingly rely on a growth that is not only driven by fixed investment and exports, but by the service industry, the domestic consumption and innovation," Voss said, adding that such reforms, especially further market liberation, a promotion of innovation and improvement of health and green technologies, meant potential for German companies.

"German companies can contribute their expertise and experience as important cooperation partners," she said.

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