Klingbeil's China Visit: Germany's Economic Vulnerabilities

Germanys Vice Chancellor, Lars Klingbeil, embarks on a crucial cabinet-level visit to China, marking the first such trip from the current German government. This visit comes at a pivotal time, as German businesses, particularly the car industry, have been affected by Chinas export controls on rare earth minerals. Klingbeils trip follows a diplomatic issue involving Germanys Foreign Minister, Johann Wadephul, who had to cancel his planned visit to China due to disagreements over Chinas actions in the Indo-Pacific region and Germanys stance on Taiwan. Germany is still developing its long-term strategy for dealing with China, with recent events highlighting its economic vulnerabilities. The outcome of Klingbeils visit may influence whether Chancellor Friedrich Merz will travel to China in the near future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.