Feb 25 • 08:59 UTC 🇫🇮 Finland Yle Uutiset

The German Chancellor Wants More Equal Trade with China

German Chancellor Friedrich Merz emphasizes the need for a more balanced trade relationship with China during his visit, amid concerns over the significant trade deficit of €89 billion.

During his visit to China, German Chancellor Friedrich Merz underscored the importance of deepening cooperation between Germany and China while pointing out that their trade relations require improvements to achieve a more equitable exchange. Last year, Germany faced a staggering trade deficit with China, amounting to a record €89 billion, and this trend has highlighted the disparity in their economic relationship. In light of this, the Chancellor's focus on establishing fairer trade practices resonates deeply amid shifting global economic dynamics.

Chinese Premier Li Qiang welcomed Merz and echoed the sentiment on the importance of balanced trade, subtly warning against unilateralism and protectionism, which many interpreted as a message directed at the United States. Li emphasized the need for China and Germany, as two major global economic powers, to jointly secure multilateral and free trade. This diplomatic exchange showcases the complex interplay of international trade relationships as countries navigate challenges and seek sustainable economic partnerships.

The visit included a large German business delegation featuring representatives from major automobile manufacturers, such as Volkswagen, BMW, and Mercedes. Their presence highlights the significance of the automotive industry in Germany's economic framework and its crucial role in enhancing bilateral trade ties. As both nations seek to foster mutual benefits, the outcome of this trip may influence future economic policies and trade negotiations between Germany and China, as well as their respective engagements with other global powers.

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