China Is Systemic Rival Threatening German Economy, Lindner Says
- Trade relationship ‘is almost a concentration risk,’ he adds
- German finance minister speaks out days before EU-China summit
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China doesn’t respect the principles that Germany stands for and is a “systemic rival” to Europe’s biggest economy, according to Finance Minister Christian Lindner.
“We have to recognize that we have an enormous risk,” the Free Democrat leader and junior partner in Chancellor Olaf Scholz’s coalition said in a speech on Tuesday. “China doesn’t respect our social model, our understanding of liberality, our recognition of international law.”