1. Like China, Germany has maintained a current account surplus for a long time and has abundant liquidity. At that time, Mark did not encounter the pressure of devaluation, thus avoiding inflation caused by currency devaluation. However, the appreciation pressure of the Deutsche Mark has brought great trouble to other European countries.
2. Small and medium-sized enterprises unique to Germany occupy the top position or even the only position in the corresponding industry in technology. Whether there is a crisis or not, orders are rarely affected, because if you don't buy German products, you may not be able to buy such products. The market of German enterprises is usually oriented to all regions of the world. The crisis in one region will only reduce the sales volume in the corresponding region, while the overall sales volume in the world has little impact. These enterprises have high savings, that is to say, they are rich and they can survive a little crisis, so there is no need to reduce the number of employees significantly, resulting in a sharp rise in the overall unemployment rate in society. These enterprises usually do not raise funds in the capital market, and the turmoil in the financial market rarely affects these enterprises in Germany.
3. Germany's population pressure is small, and the rigid pressure of real estate expansion is also small. Germany, on the other hand, has a high tax level and high welfare, and has little incentive to speculate in real estate to make money, so the real estate bubble is small and will not be affected by the turmoil in the real estate market like Ireland.
4. After the reunification of Germany and Germany, the interest rate was raised because of the inflationary pressure brought by the reconstruction of East Germany. But it led to the devaluation crisis in Britain, Italy and other countries. Soros successfully blocked the pound and became famous in one fell swoop, which happened during 1992. It should be that the crisis in other countries finally eased the crisis in Germany itself.
After the unification of European currency, Germany avoided all kinds of potential crises brought by the appreciation of the original mark during this period. So many people say that only Germany is the ultimate beneficiary of the euro. Germany's trade surplus is still the essential reason. Therefore, since the world economic crisis in 2007, Germany and China have become the targets of the whole world's complaints: these two countries have caused the imbalance of the world economy.
But after all, China is different from Germany in many aspects. Our country may face bigger and more problems than Germany, just because China is too big and has a great influence on the world. Therefore, China can't avoid future crises just by maintaining a trade surplus. But there is always a basic fact: maintaining the stability of the local currency through various methods is one of the important ways to avoid the world economic crisis.