Trade: Steinmeier's message in China: "I advise that we don't hide our light under a bushel"
In Hefei, the Federal President is promoting cooperation, while China's trade surplus is reaching new records. However, Steinmeier is also calling for more self-confidence in dealings with Peking.
German President Frank-Walter Steinmeier is on a trip to China, his first since 2018, amid growing concerns about the country's trade surplus and its impact on Germany. Steinmeier warned against a "black-and-white" view of China and emphasized the need for cooperation, but also expressed concerns about the growing trade imbalance.
He visited Hefei, a tech hub in eastern China, where he saw examples of successful German-Chinese cooperation, including a Volkswagen project. The trip comes as the EU and China are trying to negotiate a deal to reduce China's exports of hybrid and plug-in hybrid vehicles to Europe. Steinmeier will also meet with Chinese leaders, including President Xi Jinping, in Beijing.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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