By Maria Martinez BERLIN (Reuters) -Germany addressed the topic of Chinese overcapacity in key sectors such as steel, solar and electric mobility at the China-Germany Financial Dialogue on Monday,
Germany Discusses Chinese Overcapacity in Steel and Solar Industries
Addressing Chinese Overcapacity
By Maria Martinez
Concerns Over Fair Competition
BERLIN (Reuters) -Germany addressed the topic of Chinese overcapacity in key sectors such as steel, solar and electric mobility at the China-Germany Financial Dialogue on Monday, German Finance Minister Lars Klingbeil said.
Collaborative Efforts with China
"From the German perspective, we see fair competition at risk and also see industrial jobs under threat," Klingbeil said in Beijing.
Importance of Direct Communication
He added that both countries have agreed that it should be a shared task to address the reduction of these overcapacities and thereby ensure stable competitive conditions.
"We have to speak with China instead of speaking about China," Klingbeil said, highlighting the need for China's cooperation to confront global challenges.
(Reporting by Maria Martinez, Editing by Miranda Murray)
