By Maria Martinez BERLIN (Reuters) -Dialogue with China is key to find solutions for pressing problems like supply chain uncertainty and Chinese overcapacity, German Finance Minister and Vice
German Finance Minister Visits China to Address Trade Challenges
By Maria Martinez
BERLIN (Reuters) -Dialogue with China is key to find solutions for pressing problems like supply chain uncertainty and Chinese overcapacity, German Finance Minister and Vice Chancellor Lars Klingbeil said on Sunday ahead of his trip to the country.
His visit comes as Germany reassesses its trade policy towards China, accelerating a policy of "de-risking" after Beijing's recent curbs on rare earths and semiconductors rattled German industry.
"Access to critical raw materials and the reduction of Chinese overcapacity in sectors such as steel and electric mobility are of great importance for the economy and jobs in Germany," Klingbeil said in Berlin before departing for Beijing.
"We do not shy away from competition, but it must be fair," he added.
Klingbeil will be the first minister from Germany's coalition government to visit China.
Foreign Minister Johann Wadephul postponed his trip, planned for the end of October, after Beijing confirmed only one of his requested meetings.
GERMANY TO DISCUSS UKRAINE WAR WITH CHINA
Russia's war of aggression against Ukraine will also be a topic of discussion, Klingbeil said, noting that the conflict has far-reaching consequences for the economy and stability not only in Europe but worldwide.
"China plays a decisive role when it comes to ending this war," Klingbeil said.
(Reporting by Maria Martinez)
