Germany Unveils Bold Strategy to Safeguard Economic Independence from China

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Source: The New York Times
Germany Unveils Bold Strategy to Safeguard Economic Independence from China
Photo: The New York Times
TL;DR Summary

Germany has approved its first national strategy on China, defining the country as a "partner, competitor, and systemic rival." The strategy aims to reduce dependency on Chinese goods while maintaining economic ties. It calls for export controls, investment screening, and diversification of trade and supply chains to minimize risks. The move reflects a tougher stance than previous governments and echoes the European Union's call to "de-risk" ties with China. The strategy will guide companies, government agencies, and institutions in their dealings with China and will be debated in Parliament in September. Germany remains committed to its "One China" policy and recognizes the importance of Taiwan as a trade partner.

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