
‘China shock’ hits Germany as Merz joins Beijing pilgrimage
German Chancellor Friedrich Merz voiced concerns about Chinese industrial overcapacity after meeting President Xi Jinping, as he seeks to rein in a trade deficit that has grown fourfold since 2020. “This dynamic is not healthy,” Merz told reporters in Beijing on Wednesday, according to Reuters. He also highlighted “risks” from the close connections between the two countries, including problems suffered by German manufacturers last year when China tightened export controls on basic computer ch...
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‘China shock’ hits Germany as Merz joins Beijing pilgrimage
German Chancellor Friedrich Merz voiced concerns about Chinese industrial overcapacity after meeting President Xi Jinping, as he seeks to rein in a trade deficit that has grown fourfold since 2020. “This dynamic is not healthy,” Merz told reporters in Beijing on Wednesday, according to Reuters. He also highlighted “risks” from the close connections between the two countries, including problems suffered by German manufacturers last year when China tightened export controls on basic computer ch...
By Brian Rhoads,Raymond Ma
Read full article →Germany’s Merz eyes business opportunities at Chinese tech hub in Hangzhou
German chancellor visits eastern city, home to AI firm DeepSeek and e-commerce giant Alibaba, with business leaders.
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