Germany's Steinmeier says China must avoid one-sided benefits in economic ties
He said limited market access and state-subsidized imports are widening the trade gap and risking security and economic losses.
- On Thursday, President Frank-Walter Steinmeier urged China to avoid creating one-sided trade dependence during an address at Peking University in Beijing.
- Steinmeier is on a five-day visit to China, scheduled to meet Chinese President Jinping on Friday, and warned that a new bloc confrontation would be "dangerous for international security."
- European firms face limited access to the Chinese market while European markets contend with state-subsidised imports, Steinmeier argued, noting "It is understandable that China wants to protect its economy."
- Germany and France have proposed rapid-action measures against countries harming EU interests, as the European Union labels its widening trade deficit with China unsustainable.
- Despite these tensions, Steinmeier expressed confidence that Brussels and Beijing can find solutions through dialogue, warning that a bloc confrontation would cause economic losses for everyone.
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6 Articles
Germany’s Steinmeier says China must avoid one-sided benefits in economic ties
By Liz Lee BEIJING, Oct 29 (Reuters) - In its pursuit of economic self-sufficiency, China must not create one-sided dependence in other markets, Germany's President Frank-Walter Steinmeier urged in an address at a top-tier university in Beijing on Th...
Germany's Steinmeier says China must avoid one-sided benefits in economic ties
In its pursuit of economic self-sufficiency, China must not create one-sided dependence in other markets, Germany's President Frank-Walter Steinmeier urged in an address at a top-tier university in Beijing on Thursday.
German President Frank-Walter Steinmeier warns China that efforts to protect its economy must not make others dependent on it. The German leader criticized the trade imbalances between China and Europe before meeting Chinese President Xi Jinping, scheduled for Beijing on Friday.
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