Germany drawing up new China trade policy, vows ‘no more naivety’

BERLIN, Sept 13 — Germany’s economy minister said today the government was working on a new trade policy with China to reduce dependence on Chinese raw materials, batteries and...

BERLIN, Sept 13 — Germany’s economy minister said today the government was working on a new trade policy with China to reduce dependence on Chinese raw materials, batteries and semiconductors, promising “no more naivety” in trade dealings with Beijing.

China has been Germany’s biggest trade partner for the past six years, with volumes reaching over €245 billion in 2021. Habeck said Germany must open up to new trading partners and regions as many sectors were heavily dependent on selling to China.

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