BEIJING: Mutually beneficial cooperation between China and Germany creates no “risks”, but serves as a guarantee for their stable relations and presents opportunities for future development, President Xi Jinping said on Tuesday when meeting in Beijing with German Chancellor Olaf Scholz.
Scholz was on a three-day official visit to China, which started on Sunday. His trip came after Germany’s federal government pushed for a “de-risking” policy in July to reduce “economic reliance” on China.
Xi emphasized the deep interconnection of the industrial and supply chains between the two countries as well as the high-level market interdependence.
He said that there is vast potential for them to explore win-win cooperation, not only in traditional sectors such as machine manufacturing and the automotive industry, but also in emerging fields including green transformation, digital development and artificial intelligence.
Noting that both China and Germany support free trade and economic globalization, Xi urged the countries to be vigilant against rising protectionism and view the issue of production capacity objectively in line with economic principles.
China has made significant contributions to addressing global supply challenges, inflation pressures and climate change through exports of electric vehicles, lithium batteries and photovoltaic products, he said.
Xi noted that there is no fundamental conflict of interest between China and Germany, and they do not pose a security threat to each other.
Cooperation between the two countries is beneficial for both sides as well as for the world, he said, adding that the more turbulent the world becomes, the more important it is for both sides to enhance the resilience and vitality of their bilateral relationship.
China and Germany should uphold independence and autonomy in engaging in multilateral cooperation, and jointly promote practical actions from the international community to address global challenges, such as climate change, imbalanced development and regional conflicts, contributing more to the balance and stability of the world, Xi said.
While reiterating China’s commitment to opening-up, Xi urged Germany to provide a fair, transparent, open and nondiscriminatory business environment for Chinese enterprises.
Scholz said that Germany is willing to further strengthen bilateral relations with China and deepen bilateral dialogue and cooperation in various fields. Germany is committed to upholding a multilateral international order, while rejecting confrontation and advocating free trade, he said.
As an important member of the European Union, Germany is willing to play an active role in promoting the positive development of EU-China relations, Scholz added.
The visiting German delegation included the federal ministers of environment, agriculture and transportation, as well as many German business leaders, including executives from BMW, Bayer, Mercedes-Benz, Siemens and ThyssenKrupp. –The Daily Mail-China Daily news exchange item
