REUTERS/Ralph Orlowski/File photo Acquire Licensing RightsFRANKFURT/BERLIN, Sept 26 (Reuters) - Germany will no longer grant promotional loans to China from 2026, the Federal Development Ministry (BMZ) confirmed on Tuesday, in the latest measure to reduce Germany's strategic dependence on China. The German ministry informed the Chinese Ministry of Finance in mid-September of the federal government's decision to permanently stop granting promotional loans to China. Contracts for promotional loan projects between German state-owned KfW Bank and the Chinese Ministry of Finance can only be signed up to and including 2025. "These promotional loan projects must have ambitious impacts in the areas of climate and environment," the ministry said. From 2013 to 2022, promotional loans with a total volume of 3.451 billion euros were agreed with China.

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Persons: Ralph Orlowski, Svenja Schulze, Andreas Rinke, Emma, Victoria Farr, Leslie Adler Organizations: KfW, REUTERS, Federal Development Ministry, Chinese Ministry of Finance, KfW Bank, Reuters, Thomson Locations: Frankfurt, Germany, FRANKFURT, BERLIN, China