Steinmeier Urges China on Trade Balance
German President Frank-Walter Steinmeier urged China during a Beijing speech to avoid creating one-sided trade dependencies. He highlighted growing European concerns over widening trade deficits and market access restrictions ahead of his meeting with President Xi Jinping.
Germany President Frank-Walter Steinmeier urged China on Thursday to avoid creating one-sided economic dependencies in its pursuit of self-sufficiency. The warning arrived during an address at Peking University ahead of his scheduled meeting with President Xi Jinping. Brussels faces a widening trade deficit and is weighing rapid-action measures against external market distortions.
