US EditionGermany Is Just Making Too Much Money in China to Back Away Now
8 Articles
8 Articles
At his visit to Beijing, Klingbeil hopes for commitments for stable supplies of raw materials. In addition, the vice chancellor warns against unfair competition conditions. China signals willingness to talk, but no concrete concessions remain.
Vice Chancellor Klingbeil is the first Minister of Black and Red in China. It is expected to be a heavy visit for the SPD politician.
China suspends its export stop for rare earths for one year. Nevertheless, this means that Germany must hurry in the search for alternatives. German industry is pushing for state participation.
Times of India
luxtimes.luGermany is just making too much money in China to back away now
German companies are investing billions more in China, ignoring government warnings. Automakers and chemical giants are deepening ties. This strategy risks economic calamity. Germany's Vice Chancellor travels to Beijing to discuss concerns. Companies face difficult choices if China restricts access. Smaller firms are already diversifying. Berlin plans action to diversify supply chains.
The German economy sets great hopes in the visit of Vice Chancellor Klingbeil to China. He openly addresses the problems during the first discussion.
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
