Asia-Pacific Conference: Using China, courting Asia - the German economy's dual strategy
China remains an important partner. But on the sidelines of the Asia-Pacific conference in Seoul, BDI chief Leibinger is advocating a dual strategy. However, German industrial policy is sending contradictory signals.
The number of Japanese companies active in China has decreased by 22% in two years due to geopolitical tensions. In contrast, Germany is seeking to maintain its presence in China while exploring new alliances in Asia, as discussed at the Asia-Pacific Conference of the German Economy in Seoul. German Chancellor Friedrich Merz emphasized the importance of the Indo-Pacific region, which includes India, Southeast Asia, Japan, South Korea, Australia, and New Zealand, and seeks to strengthen ties with these countries.
The German economy aims to navigate the complexities of doing business in China while diversifying its supply chains and partnerships in the region.
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.
