Germany on Thursday said that de-risking from China is "urgently needed" but emphasized it is "not pursuing a decoupling."
"China's economic strategy aims to make it less dependent on other countries, while making international production chains more dependent on China," the foreign ministry said in a 64-page report.German Chancellor Olaf Scholz and China's Premier Li Qiang address a press conference at the end of German-Chinese economy consultations on June 20, 2023 at the Chancellery in Berlin.
"For Germany, China remains a partner, a competitor, a systemic rival. But the aspect of systemic rivalry has become increasingly prominent in recent years," Germany's foreign minister Annalena Baerbockat the Mercator Institute for China Studies think tank in Berlin, according to a translation from DW, a German newspaper.
The minister was presenting the country's strategy on China and explaining how the country plans to protect its interests. "China's economic strategy aims to make it less dependent on other countries, while making international production chains more dependent on China," the foreign ministry said in a