EU-China Trade Tensions: Germany's Quest for Equilibrium

German Finance Minister Lars Klingbeil visited Beijing to discuss trade tensions, focusing on China's overcapacity and issues surrounding rare earths. The European Union is prepared to act if solutions are not found. Klingbeil emphasized the importance of EU unity in addressing these matters and highlighted Germany's need for diversified supply chains.

German Finance Minister Lars Klingbeil addressed trade tensions during his visit to Beijing, concentrating on China's overcapacity issues and rare earths export curbs. He warned that the European Union is ready to take measures if no solutions are reached.

During the visit, Klingbeil stressed the importance of unity among EU countries when dealing with China and emphasized the necessity for diversity in Germany's supply chains. He also acknowledged China's assurances of reliable access to rare earth minerals.

Klingbeil's trip included discussions on various topics, such as Germany-China cooperation in international organizations and the ongoing war in Ukraine, urging China to influence Russia towards halting the conflict.

(With inputs from agencies.)