German finance minister warns against quick decoupling from China

BERLIN – Germany should scale back its dependence on China step by step as decoupling from the Chinese language market would prices jobs in Europe’s greatest financial system, Finance Minister Christian Lindner was quoted as saying on Sunday.

Germany is engaged on a brand new China technique that takes a extra sober view of relations and goals to cut back dependence on Asia’s financial superpower, which has been the nation’s high buying and selling accomplice since 2016.

“Decoupling our financial system from the Chinese language market wouldn't be within the curiosity of jobs in Germany,” Lindner was quoted as saying by the Welt am Sonntag newspaper.

He mentioned that step by step different world areas and markets must grow to be extra necessary for German enterprise over the approaching years and a long time, Welt reported.

“The political situations have to be improved for this,” Lindner mentioned.

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