Klingbeil: Competition with China must be fair - Germany’s Vice Chancellor seeks fair trade and dialogue in landmark China visit
Lars Klingbeil, Germany's Vice Chancellor, has arrived in China for a significant visit. This marks the first such trip by a German minister to Asia since the current government took office. Klingbeil aims to foster fair competition and enhance market access for German businesses in China.
Klingbeil's itinerary includes a meeting with He Lifeng, China's Vice Premier and the government's point person for economic and financial policy. The Vice Chancellor will discuss the possibility of deeper cooperation in the financial sector and improved market access for German companies.
During his visit, Klingbeil will also raise concerns about fair access to critical raw materials. He plans to address the issue of Chinese overcapacity in industries such as steel and electric mobility. The Vice Chancellor seeks a reduction in these capacities to create a level playing field for international competitors.
The situation in Ukraine is also expected to be on the agenda. Klingbeil will discuss the potential role of China in the ongoing conflict and explore avenues for diplomatic dialogue.
Lars Klingbeil's visit to China underscores Germany's commitment to strengthening economic ties and fostering fair competition in Asia. His discussions with Chinese officials aim to open up new opportunities for German businesses while addressing critical trade issues. The Vice Chancellor's visit also signals Germany's interest in engaging China in the complex geopolitical landscape, particularly regarding the Ukraine war.
