April 30, 2024 1:17 am
Why does Germany continue to foster economic partnerships with China? | Business and Economy

Germany’s Chancellor Olaf Scholz recently made a three-day trip to China in an effort to strengthen economic ties between the two countries. Despite tensions, Germany holds the position of being China’s largest European trade partner. However, some see Beijing as both a competitor and a rival.

In response to these concerns, Germany introduced its first-ever “strategy on China” last year with the aim of reducing its dependence on the Chinese market. Despite this, Scholz stated during his visit to China that he intended to maintain business connections between the two nations. This decision may have caused dissatisfaction among some of Scholz’s closest allies.

On another front, the European Union has taken action by launching investigations into the export of Chinese green technology. These measures are aimed at protecting European industries from competition. The impact of these developments on the relationship between Germany and China remains uncertain.

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