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Free AccessGermany's Scholz Due To Arrive In Beijing Ahead Of Friday Meeting w/Xi
German Chancellor Olaf Scholz travels to Beijing with a delegation of German business leaders ahead of a meeting tomorrow with Chinese President Xi Jinping. The meeting will be the first in-person talks between a major western leader and Xi since the start of the COVID-19 pandemic.
- Scholz has come in for criticism for the visit from the opposition in Germany, as well as the EU and other EU member states. French President Emmanuel Macron had touted a joint visit, but this was rejected by the chancellery.
- The German chancellor wrote in an op-ed for Politico & German daily FAZ that "If I am traveling to Beijing as Germany’s federal chancellor, I’m also doing so as a European. Not to speak on behalf of all of Europe — that would be presumptuous and wrong — but because German policy on China can only be successful when it is embedded in European policy on China.”
- Cracks already evident in Franco-German relationship at the top of the EU, and this visit - seen in Paris as a snub to Macron - is unlikely to resolve the deep-rooted divisions.
- Germany viewed by China hawks in the EU as overtly mercantile in its dealings with China despite clear G7 efforts to reduce reliance on Chinese-based supply chains. In the op-ed Scholz states that "It is precisely because ‘business as usual’ is no longer an option in these circumstances that I’m traveling to Beijing".
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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.