China-Germany cooperation not ‘risk’ but opportunity

Chinese President Xi Jinping meets with German Chancellor Olaf Scholz at the Diaoyutai State Guesthouse in Beijing, capital of China, April 16, 2024.

BEIJING: Mutually beneficial cooperation between China and Germany is not a “risk,” Chinese President Xi Jinping told visiting German Chancellor Olaf Scholz.
Xi made the remarks during a meeting in Beijing with Scholz, who visited Chongqing and Shanghai on the first two days of his three-day trip to China. Xi has called on both China and Germany to be vigilant against rising protectionism and view the issue of production capacity objectively and dialectically.
Noting that the industrial and supply chains of China and Germany are deeply intertwined and the markets of the two countries are highly interdependent, Xi said mutually beneficial cooperation between China and Germany is not a “risk” but a guarantee for the stability of bilateral relations and an opportunity for the future.
Xi stressed that China and Germany have enormous potential for win-win cooperation in traditional fields such as machinery manufacturing and automobiles and in emerging fields such as green transformation, digitalization and artificial intelligence.
“China’s exports of electric vehicles, lithium batteries and photovoltaic products have not only enriched global supply and alleviated global inflationary pressure but also contributed greatly to the global response to climate change and green and low-carbon transformation,” Xi said. China is committed to the basic national policy of opening up and hopes that the German side can provide a fair, transparent, open and non-discriminatory business environment for Chinese enterprises in Germany, President Xi stressed.
Noting that this year marks the 10th anniversary of the establishment of the all-round strategic partnership between China and Germany, Xi said that over the past 10 years, despite tremendous changes in the international landscape, China-Germany relations have maintained steady growth, and bilateral cooperation has strengthened and deepened across the board, providing impetus for the development of both countries. –The Daily Mail-CGTN news exchange item