Germany’s Scholz Says Trade Diversification Doesn’t Mean China Decoupling
- German chancellor calls for wider footprint without decoupling
- Habeck says firms must not be naive about China’s strategy
Olaf Scholz
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Chancellor Olaf Scholz warned German business leaders that they should act now to hedge risks and avoid over-reliance on China as his government pushes to diversify commercial ties in Asia.
Scholz told a business conference in Singapore Monday that his ruling coalition was currently drawing up a new national security strategy, including a call for the scaling back of “risky, one-sided dependencies” in areas including raw materials and critical technologies.