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Why is Germany sustaining financial ties with China? | Enterprise and Financial system


German Chancellor Olaf Scholz has been on a three-day go to to China in a bid to shore financial ties.

Germany is China’s greatest European commerce associate.

However, Berlin additionally sees Beijing as a competitor and a rival.

And – in its first-ever “technique on China” launched final yr – pledged to scale back German dependence on the Chinese language market.

However, throughout his go to final week to China, the German Chancellor signalled his intentions to take care of enterprise ties.

That will have angered a few of Olaf Scholz’s closest allies.

The European Union has launched a number of investigations into exports of Chinese language inexperienced expertise to guard European trade from competitors.

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