Germany must reduce its dependence on China gradually as decoupling from the Chinese market would costs jobs in Europe's biggest economy, Finance Minister Christian Lindner was quoted as saying on Sunday.
Germany is working on a new China strategy that takes a more sober view of relations and aims to reduce dependence on Asia's economic superpower, which has been the country's top trading partner since 2016.
"Decoupling our economy from the Chinese market would not be in the interest of jobs in Germany," Lindner was quoted as saying by the Welt am Sonntag newspaper. He said that gradually other world regions and markets would have to become more important for German business over the coming years and decades, Welt reported.Reporting by Riham Alkousaa, editing by Emma-Victoria Farr
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German Politician Calls On Tesla To Speed Up Production To Meet Demand After Price Cuts | CarscoopsGerman Politician Calls On Tesla To Speed Up Production To Meet Demand After Price Cuts | Carscoops carscoops
Read more »
Nord Stream 2 German subsidiary wound up -reportThe German subsidiary of the consortium behind the Nord Stream 2 gas pipeline has been wound up, German news portal T-Online reported on Friday citing trade registry documents.
Read more »
New German defense minister 'ready to move quickly' on tanks to UkraineNew German Defense Minister Boris Pistorius said his country is 'ready' to move to send tanks to Ukraine if a deal among international leaders is approved.
Read more »
German speed limit could cut more CO2 than previously thought -studyA new study has found that Germany could save almost three times more carbon dioxide emissions than previously thought by introducing a speed limit on its highways, increasing pressure on Berlin to reconsider the politically sensitive issue.
Read more »