German business leader calls for economic dialogue with China
By the AFREEQUE newsroom, based on New Era
Michael Schumann, head of the German foreign trade association, is urging Germany and the European Union to address their structural weaknesses rather than favour protectionism towards China. He argues for rebalancing economic relations through dialogue on market access and reciprocity, in an interview with Xinhua.
Michael Schumann, president of the German Federal Association for Economic Development and Foreign Trade, is calling on Germany and the European Union to address their structural economic difficulties rather than respond to Chinese competition mainly with protectionism. He was speaking in an interview with Chinese news agency Xinhua.
Mr Schumann believes competition from Chinese companies is real, but is not the main explanation for the industrial difficulties facing Germany and Europe.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
