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According to the South China Morning Post (SCMP), speaking at an event organized by the German Business Conference in Asia-Pacific on October 19, Merkel called on German companies to diversify and win. new markets in the Asia-Pacific region. In support, Berlin will continue to strive to improve framework conditions.
Currently, about three-quarters of German exports in Asia go to East Asia and half of them to China, Merkel said.
Chancellor Angela Merkel. Photo: AP
Also at the Oct.19 conference, Altmaier said German companies should diversify into Asian markets outside of China to reduce reliance on individual supply chains, which are susceptible to disruption from a pandemic. COVID-19.
Referring to the problems with supplying medical equipment to the German market this spring, Altmaier stated: “We want to diversify our supply chain. Singapore and Korea may bring in new products. The opportunity is very promising because they have handled the Covid-19 crisis well. , recovering its economic strength very early “.
A Berlin official recently told SCMP: “Germany does not have the goal of separating China. Instead, we want to have a bigger slice of the pie in Asia as we rely heavily on China as we move forward.” in the Asian market. “
Germany, the largest economy in the European Union (EU), recently introduced an Indo-Pacific policy to encourage companies to explore regional destinations outside of China.
Other European leaders, including French President Emmanuel Macron, have also called for less dependence on China, but often on the healthcare supply chain rather than being as comprehensive as she suggested.
China always hopes to keep the EU on its side as economic and geopolitical competition with the United States intensifies. But it is unclear whether Beijing will allow the bloc to access a more diverse market.
Pompeo: United States and Brazil must reduce dependence on Chinese imports
US Secretary of State Mike Pompeo suggested on October 19 that the United States and Brazil should reduce their dependence on imports from China for their own safety. At the online summit on increasing cooperation between the United States and Brazil to recover from the Covid-19 pandemic, Pompeo emphasized the importance of expanding bilateral economic ties, while also warning about participation. China’s substantial entry into the economies of the two countries is a “huge risk.” When asked about Pompeo’s comments, Chinese Foreign Ministry spokesman Zhao Lap Kien said on October 20: “Some American politicians are trying to sow discord. Cooperation between China and Brazil is long-lasting and long-lasting. has a wide range of supporters. President Donald Trump’s administration works to promote relations with Brazil, becoming a counterweight to China. Brazilian President Jair Bolsonaro is said to want to support but is hampered by Beijing as the greatest trading partner of your country, which buys a lot of soybeans and iron ore.
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