German Finance Minister Lars Klingbeil emphasized the importance of strengthening trade and investment ties between Europe and China during his visit to Beijing. He highlighted the EU’s readiness to support its industries while encouraging collaborative solutions that benefit both sides.
Speaking on Tuesday, Klingbeil noted that coordinated EU positions are key to effective engagement with China, ensuring European businesses remain competitive in global markets. He stressed that while protective measures are available if needed, the focus is on fostering stable and mutually beneficial trade relations.
During the visit, Klingbeil discussed opportunities in sectors such as steel, solar, and electric mobility, as well as supply chain diversification for critical materials like rare earth minerals. Chinese officials provided assurances on reliable access, which can support long-term investment planning and industrial growth for European companies.
The visit also included the China-Germany Financial Dialogue, a platform for officials and business leaders to explore collaborative projects and strengthen trade partnerships. Klingbeil highlighted that such cooperation can drive innovation, expand market opportunities, and enhance economic resilience.
Climate collaboration was also discussed, with China reaffirming its commitment to the Paris Climate Agreement, opening avenues for joint green technology initiatives that can support trade and investment in sustainable industries.
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