German Finance Minister warns of a rapid separation from the Chinese market

Germany On a new strategy towards China It looks at relations more realistically and aims to reduce dependence on the economic superpower in Asia, which has been the country’s first trading partner since 2016.

Lindner was quoted by Welt am Sonntag as saying, "Decoupling our economy from the Chinese market will not be good for jobs in Germany".

Welt said that other world regions and markets should gradually become more important to German business in the coming years and decades.

added "For this, the political conditions must be improved".

China has been Germany’s largest trading partner for the past six years, with trade volumes reaching more than 245 billion euros ($246 billion) in 2021.

But the center-left government is taking a tougher line on Beijing than its center-right predecessor, concerned regarding Germany’s dependence on Beijing.

Last September, German Economics Minister Robert Habeck said that the government is working on preparing a new trade policy towards China to reduce dependence on Chinese raw materials, batteries and semiconductors, pledging that "No more naivety" in business dealings with Beijing.

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And it works Germany On a new strategy towards China It looks at relations more realistically and aims to reduce dependence on the economic superpower in Asia, which has been the country’s first trading partner since 2016.

Lindner was quoted by Welt am Sonntag as saying that “separating our economy from the Chinese market would not be in the interests of jobs in Germany.”

Welt said that other world regions and markets should gradually become more important to German business in the coming years and decades.

“The political conditions must be improved for this,” he added.

China has been Germany’s largest trading partner for the past six years, with trade volumes reaching more than 245 billion euros ($246 billion) in 2021.

But the center-left government is taking a tougher line on Beijing than its center-right predecessor, concerned regarding Germany’s dependence on Beijing.

Last September, German Economics Minister Robert Habeck said that the government was working on preparing a new trade policy towards China to reduce dependence on Chinese raw materials, batteries and semiconductors, pledging that there would be “no more naivety” in business dealings with Beijing.

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