German finance minister warns against quick decoupling from China

BERLIN — Germany should scale back its dependence on China steadily 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 scale back dependence on Asia’s financial superpower, which has been the nation’s high buying and selling accomplice since 2016.

“Decoupling our economy from the Chinese market would not be in the interest of jobs in Germany,” Mr. Lindner was quoted as saying by the Welt am Sonntag newspaper.

He mentioned that steadily different world areas and markets must develop into extra essential for German enterprise over the approaching years and many years, Welt am Sonntag reported.

“The political conditions must be improved for this,” Mr. Lindner mentioned. — Reuters

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