German chancellor urges Chinese industry bosses to play fair in EU market

has urged industry bosses in China to play fair by not overproducing cheap goods or infringing copyright rules.

With a focus on the automotive industry, Scholz said he expected Chinese cars to be widely available in“The only thing that always needs to be clear is that the competition is fair,” he said during a discussion with students at Tongji University in Shanghai. “That means there can be no dumping, no overproduction and that intellectual property rights are not violated,” he said.

His visit was the first since his government launched a “de-risking” strategy last July, aimed at ensuring Germany does not become too dependent on China’s economy, the world’s second largest. The move was in part a reaction to the experience during the pandemic, when Germany – just like the rest of Europe – was shown to be heavily dependent onIt also comes at a time when the German economy is more dependent upon China for manufactured goods than ever before.

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Chinese Investment in Australia Hits Two-Decade Low Amid Economic SlowdownChinese investment in Australia has reached its lowest level in almost two decades, excluding the pandemic years, and is expected to continue declining as the Chinese economy slows down. According to a report by KPMG and the University of Sydney, Chinese investment in Australia fell by 37% to $1.36 billion in 2021, marking the lowest level since 2006. The decline in Chinese investment is attributed to rising tensions between the two countries.
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