Klingbeil: Competition with China must be fair - Germany’s Vice Chancellor pushes for fairer market access in landmark China visit
Lars Klingbeil, Germany's Vice Chancellor and Finance Minister, has embarked on a significant visit to China. This marks the first such trip by a minister from the German coalition government since its inception. Klingbeil aims to foster fair competition and market access for German businesses during his stay.
Klingbeil's itinerary includes discussions on deepening cooperation in the financial sector and securing better market access for German companies in China. He will also push for improved access to critical raw materials, crucial for Germany's industrial sector.
A key focus will be addressing Chinese overcapacity in steel and electric mobility sectors, a long-standing concern for European businesses. Additionally, Klingbeil will address China's potential role in the ongoing Ukraine war, a topic of significant geopolitical interest.
The talks, coordinated within the German federal government, will involve Germany, China, and European partners. They will cover a wide range of issues, including macroeconomic conditions, rule-based trade, export controls, and strategic cooperation in the financial sector.
Klingbeil's visit underscores Germany's commitment to strengthening economic ties with China while addressing key challenges. The outcome of these discussions could significantly impact German businesses and European industries. The visit also highlights Germany's continued engagement with China on global issues, including the Ukraine conflict.
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