German President Steinmeier urges China's Xi to reduce trade surplus

Beijing — In a meeting on Friday, German President Frank-Walter Steinmeier urged Chinese leader Xi Jinping to address the issue of Germany's significant trade surplus with China during his state visit to China. Steinmeier emphasized the importance of maintaining close trade and economic relations between the two nations, stating that "we want close trade and economic relations with one another.

And in such a way that they bring sustainable benefits to both sides." The meeting, which took place in Beijing, highlighted the considerable trade deficit between Germany and China, amounting to nearly €90 billion ($100 billion) in the previous year. Steinmeier acknowledged the dynamic nature of economic relations between the two countries, noting the need to continually review framework conditions.

Earlier, during a meeting with Chinese Prime Minister Li Qiang, Steinmeier expressed confidence in resolving any trade disagreements between the two nations. He cited a recent deal on limiting hybrid car exports to the European Union as an example of how difficult situations can be navigated to find mutually beneficial solutions.

Steinmeier expressed the intention to maintain and strengthen the relationship between Germany and China, emphasizing the potential for continued collaboration and mutual benefits.