The CEO of German technology group Merck KGaA said that unravelling trade ties with China would come at great economic costs and that she was banking on dialogue to ease tensions between Beijing and Western powers.
For months, U.S. and German lawmakers have called for a reduction in trade to cut dependency on China.
"When I hear politicians say we have to decouple, I don't think this is feasible ... it will take 20 years to decouple, and for what?" said Garijo. "We are risking a global world that has brought wellbeing, more innovation, more collaboration," she added.supply chains there to curb imports of key raw materials that could be disrupted in any trade row.
CEO Garijo said the company would look closely into "different scenarios on the basis of the potential escalation of the conflict", but such an escalation was not likely. German Economy Minister Robert Habeck in March suggested that Berlin could impose export restrictions on China to prevent Germany from losing its technological edge, and the government under Chancellor Olaf Scholz's is working on a strategy paper on China to be rolled out this year.
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