China’s Xi, Germany’s Merz stress ties to weather trade turmoil ...Middle East

Europe and China are among the biggest trading partners of the U.S. and have deep trading ties with each other.

Germany has in recent years sought a difficult balance in relations with China, seen by Berlin as both a strategic rival and a vital trading partner whose giant market has buoyed Germany’s large export-driven economy.

“China is willing to work with Germany to open a new chapter in their all-round strategic partnership, to lead China-EU relations toward new development, and to contribute to the stable growth of the global economy,“ Xi was quoted as saying.

“Chancellor Merz emphasized the importance of fair competition and reciprocity,“ he added.

Beijing earlier this month urged Germany not to undermine cooperation in the name of de-risking, a strategy by Europe to reduce its dependence on China trade.

odds over Chinese electric vehicles.

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