Klingbeil: Competition with China must be fair - Germany’s Vice Chancellor heads to China to push for fairer trade and market access
Lars Klingbeil, Germany's Vice Chancellor and Finance Minister, is set to visit China this Sunday. This marks the first such visit by a minister from the current coalition government. Klingbeil aims to foster deeper financial cooperation and secure better market access for German companies in China.
During his visit, Klingbeil plans to discuss potential areas of cooperation in the financial sector. He also seeks to promote fair competition for German businesses in China. This includes calling for fair access to critical raw materials and a reduction in Chinese overcapacity in sectors such as steel and electric mobility.
The role of China in the ongoing Ukraine war is also expected to be a topic of discussion during Klingbeil's visit. His trip comes at a time when Germany is seeking to diversify its trade relations and reduce its dependence on Chinese imports.
Klingbeil's visit to China signals Germany's continued interest in maintaining a strong economic relationship with the country, while also addressing longstanding concerns about market access and fair competition. His discussions will likely shape Germany's approach to China in the coming months.
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