Shaping Germany's Future: Is Germany decoupling from China?
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Germany has taken a stride forward by introducing its "Strategy, on China” document acknowledging the intricate nature of its relationship with the nation. Within this strategy Germany recognizes China not as a partner but as a competitor while being mindful of the challenges arising from their systemic rivalry.
The focal point of the strategy lies in diminishing Germany's reliance on China in sectors like rare earth, medicinal technology and lithium batteries. While Germany values its connections with China, it seeks to mitigate risks by diversifying supply chains and adopting “de-coupling” practices.
Chancellor Olaf Scholz has expressed the intention to maintain ties with China but places emphasis on reducing dependence on specific sectors to safeguard against potential risks. The strategy also raises concerns regarding China's endeavors to influence the order and its relationship with Russia, which present security threats.
Germany strives to assert its interests effectively and ensure coherence in its policies concerning China. The strategy underscores the significance of addressing Germany's overreliance on sectors and the challenges encountered by enterprises due to limited market access and unfair competition.
Through implementing this strategy Germany aims to safeguard its security, sovereignty and prosperity.Germany's approach aligns with its pledge to handle its association with China in an equitable manner. It showcases the nation's determination to protect its interests while fostering an advantageous engagement with China.
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