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Free AccessGERMANY-FM Qin: China & Germany Partners, Not Rivals
(MNI) London - Comments from Chinese Foreign Minister Qin Gang hititng wires. Comes after a testy joint presser between he and his German counterpart Annalena Baerbock earlier today (see: https://marketnews.com/germany-foreign-ministers-s...) Qin: 'China and Germany are partners, not rivals [...] China and Germany needs cooperation, not confrontation.'
- Qin: 'When formulating China-related strategic documents, Germany should proceed while considering interest of two countries, make correct political choices. [...] As long as both sides remain open, there is no need to worry about so-called 'dependence'.'
- In contrast to French President Emmanuel Macron's recent efforts to distance France and the EU from the heightened US-China tensions over Taiwan, Baerbock earlier today warned against escalation of cross-strait tensions, stating that "A military escalation in the Taiwan Strait, through which 50 percent of world trade flows every day, would be a horror scenario for the entire world. The shock wave of such a world economic crisis would also hit China and Germany as special trading nations. [...] A unilateral and violent change in the status quo would not be acceptable to us as Europeans,"
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.