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Exclusive | China-Germany ties are resilient despite EU push to ‘de-risk’, says Beijing’s envoy to Berlin
- In the past year, German firms actively embraced Chinese market and taken steps to give a ‘vote of confidence’ to the Chinese market, says Wu Ken
- Ambassador says both Berlin and Brussels had greater understanding of China as more in Europe reflect on the ’risks brought by de-risking’
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Despite being set against a backdrop of Brussels’ “unpopular” de-risking approach, China’s trade relations with Germany are resilient, Beijing’s envoy to Berlin has said.
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In an exclusive interview with the South China Morning Post, Wu Ken, Chinese ambassador to Germany, spoke highly of the business ties between the two countries, which he said reflected the “unpopularity” of the European Union’s “de-risking” policy against China.
“In the past year, German companies have actively embraced the Chinese market and taken practical steps in giving a ‘vote of confidence’ to the Chinese market, and that highlights the strong resilience of Sino-German economic and trade relations,” he said.
The EU proposed de-risking its relationship with China last year in response to what it called an “increasingly assertive” Beijing on the global stage and the bloc’s economic overdependence on China. The EU has a nearly €300 billion (US$325 billion) deficit with China, its second-largest trading partner.
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In alignment with the EU, Germany released its first China strategy last year, urging its companies to de-risk from China – its biggest trading partner.
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