The global economy is back! Mercedes-Benz Group's Kang Linsong has warned that any protectionist measures against China by the EU will deal a devastating blow to the European economy!
After announcing the Mercedes-Benz Group's annual results, Kang Linsong made it clear that he was concerned about the European Union's increased protectionist measures against China. He stressed that such a move will have a devastating impact on the European economy, reminding the world that it should abandon short-sighted protectionism and pursue an open, cooperative and win-win international environment!
Despite the current heightened geopolitical tensions and a challenging macroeconomic environment, Kanglinson said Mercedes-Benz will not scale back its investment in future development, let alone exit any market. This resolute and optimistic attitude is worth learning from.
Mercedes-Benz Group's 2023 results show that despite many challenges, it has maintained solid growth. In particular, fourth-quarter revenue exceeded expectations and the Industrial business provided a strong foundation for growth.
Even more encouragingly, Mercedes-Benz announced a €3 billion buyback plan, and the share price responded on the day at 46%, indicating investor confidence in the group. This is a further testament to the strength and prospects of the Group.
However, Kang Linsong also admitted that chain restrictions, geopolitical events, and policy uncertainty are still real challenges. However, he is confident about the future, saying the group is ready to overcome various macroeconomic headwinds.
As a global entrepreneur, Kang Linsong not only cares about the interests of enterprises, but also cares about the stability and development of the global economy. He called on all countries in the world to put aside their prejudices, abandon protectionist thinking, and work together to build an open, inclusive, mutually beneficial and win-win international economic order.
In the current global economic landscape, China's position is becoming increasingly important. Therefore, any protectionist measures against China will be counterproductive and harmful to others and not to oneself. We should work together to address challenges, share the fruits of development, and create a better future.
In the face of future challenges and opportunities, let us unite as one to create a better tomorrow together!