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Free AccessGERMANY-Xi, Scholz Hold Video Call On Security & Cooperation
(MNI) London - State media reporting comments from Chinese President Xi Jinping following his videolink talks with German Chancellor Olaf Scholz earlier today. Xi: 'Sino-German trade is developing steadily, two-way investment enthusiasm is high...Cooperation between the two countries is becoming more stable...China and Germany should defend the international order and multilateralism, and work together to address global challenges.'
- Xi: 'China regards Europe as a comprehensive strategic partner...Hopes Germany will push EU to maintain the stability of global industrial and supply chains.'
- Xi, in talks w/Scholz: 'Whether the Palestinian-Israeli conflict or the Ukraine crisis, to solve the root cause, it is necessary to think more deeply about security issues. Squeezing the security space of other countries and [...] protecting one side while ignoring the legitimate demands of the other side will lead to regional imbalances.'
- A statement from the German Chancellery: "[Scholz and Xi] discussed bilateral relations and cooperation in the economic sector. The topic of the conversation was also the terrorist attack by Hamas on Israel and the current situation in the region. [Xi and Scholz] continued to talk about the Russian war of aggression against Ukraine and its effects. The conversation reiterated that a nuclear war must not be waged and can never be won."
- The EU's probe into Chinese electric vehicle subsidies causing EU-China friction. Germany is seen as more accomodative towards China, compared to France, which advocates a hard line (largely seen as Germany being less concerned by Chinese EV imports as its high-end models are not in competition with those from China, whereas France's less costly models are).
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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.