Germany's Steinmeier says China must avoid one-sided benefits in economic ties
He said China’s push for self-sufficiency should not leave Europe dependent on state-subsidized imports and limited market access, warning of security risks.
- 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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13 Articles
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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...
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