Connect with us


Delicate meeting of German chancellors with the Chinese boss

Delicate meeting of German chancellors with the Chinese boss


Listen to this story.
Enjoy more audio and podcasts on iOS Or Android.

Your browser does not support

An official Chinese According to the text, the Beijing summit which ended on April 16 reflects the strong ties that unite the world's second and third economies. A morning of talks with Xi Jinping, the Chinese president, punctuated by a fraternal walk in the garden and ended with a cordial lunch, appears to have marked a friendly climax to the three-day visit to China of Olaf Scholz, the chancellor German.

But not everything is as rosy as spring. For starters, the German public was denied a live view of their chancellors cavorting in Beijing because ZDF, a German state television channel, was unable to obtain Chinese press accreditation from the host country's notoriously clumsy bureaucrats. But behind this quibble were much more serious problems. Just before his trip to China, his second since becoming chancellor in 2021, and for which he has attracted widespread criticism in Europe, Mr. Scholz said in an interview that even if a US-style decoupling of the German economy and China was a bad idea, it would be wise to reduce the risks. In Germany, the pacifying effect of economic contacts has certainly been overestimated, said the former mayor of Hamburg. No one has this illusion today.

This may be true for Germany, which learned a lesson after courting Russia for decades with big energy deals, only to watch it invade Ukraine. Yet Mr. Xi's statement underscores a contrary message. He said that the interweaving of economies is not a risk but an opportunity, as well as the guarantee of a stable relationship.

This difference means a lot to the bosses of 12 large German companies who accompanied Mr. Scholz. Many have deep exposure as investors in China, or face increasing Chinese competition. A recent report by economists at Allianz, a German insurance giant, suggests that the two countries are moving from complementarity to substitution, as China begins to replace Germany even in high-growth countries. value manufacturing. An example: since 2019, German machines have exported to ASEAN China's exports of the same products fell by 14%, and China's exports of the same products increased by 31%. China is pushing Germany aside, even in Europe. In some sectors, such as solar panels and basic ingredients for essential pharmaceuticals, it already enjoys a near monopoly.

So when Mr. Xi spoke out against protectionism, Mr. Scholzis' response was probably as stilted as Chinese leaders' response to German badgers on issues such as Ukraine or human rights. The fact is that while both countries want to protect their bilateral relations from the more vocal behavior of their allies (for China, that means Russia; for Germany, it's the United States and some of the most hawkish European countries ), they both feel that this is not sustainable. Soon, China will have to stop pretending that Germany, and even Europe, is acting tougher only because of American pressure, and accept that Europeans do indeed have their own reasons to distrust China. And Germany will have to stop pretending that there is a big difference between risk reduction and decoupling.

To stay up to date with the biggest European news, subscribe to Café Europa, our weekly newsletter reserved for subscribers.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]