- Germany developing strategy to decrease dependence on China
- Decoupling would harm jobs in Germany
- Political conditions must improve for alternative markets.
Finance Minister Christian Lindner has emphasized the importance of Germany reducing its dependence on China gradually, as he believes that decoupling from the Chinese market would lead to job losses in Europe's largest economy.
Germany is currently working on a new strategy for its relationship with China, which takes a more realistic view of the relationship and aims to decrease the country's dependence on Asia's economic superpower.
Lindner was quoted as saying that "Decoupling our economy from the Chinese market would not be in the interest of jobs in Germany." He added that over the coming years and decades, other world regions and markets will have to become more important for German businesses. However, this transition will require the improvement of political conditions in order to be successful.
The statement highlights the complex relationship between Germany and China, as the country has been Germany's top trading partner since 2016, however, there has been a growing concern over the dependency on China's market and the potential risks it poses to the German economy. The new strategy aims to address these concerns while also finding ways to maintain strong economic ties with China.