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Germany wants to reduce dependence on China

The German industry wants to reduce its dependence on business with China. “Asia is much bigger than China,” Siegfried Russwurm, President of the Federation of German Industries (BDI), said in Berlin on Tuesday. “The order of the day is to open up other markets as well.” The People’s Republic is important for the German economy. “And yet there are a few things we don’t think are good.” He cited the lack of openness of some market segments and the social system as examples. “We say very clearly: We don’t want to reduce business in and with China, but we want to position ourselves more broadly.” However, it would be necessary to remain in dialogue, the BDI president said. China is Germany’s largest trading partner.

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