Klingbeil: Competition with China must be fair - Germany’s Klingbeil heads to China to tackle trade tensions and Ukraine war role
German Vice Chancellor and Finance Minister Lars Klingbeil is set to visit China from November 16 to 19, 2025. This will be the first such visit by a German minister since the onset of the Russia-Ukraine war. Klingbeil aims to discuss several key issues during his trip.
Topping Klingbeil's agenda is the call for fair competition and improved market access for German businesses in China. He plans to delve into deeper cooperation in the financial sector and better market access for German companies. The minister will be accompanied by senior managers from German banks and insurance companies, underscoring the importance of this economic dialogue.
Klingbeil's visit comes amidst China's tightened export controls on rare earths, a move that has raised concerns in Germany. He is expected to discuss this issue, seeking access to critical raw materials for German industries. Additionally, Klingbeil will address the issue of Chinese overcapacity in sectors like steel and electric mobility, pushing for a reduction.
Another significant topic on Klingbeil's itinerary is China's role in the Ukraine war. He will discuss this sensitive issue with his Chinese counterparts, seeking a clearer understanding of China's stance and potential contributions to peace efforts.
Lars Klingbeil's visit to China signals Germany's continued commitment to economic dialogue and cooperation with the Asian giant. Despite geopolitical tensions, Germany seeks to maintain open lines of communication, addressing key economic and political issues. The outcome of Klingbeil's visit is expected to shape Germany's approach to China in the coming months.
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