When Germany’s chancellor, Olaf Scholz, took office in 2021, he pledged that his government would shift his country’s relationship with China away from one of economic dependence.
Three years later, talk of scaling back reliance on China has been replaced with calls for equal access to China’s market for foreign firms.
The U.S. Treasury secretary, Janet L. Yellen, has talked about imposing trade restrictions on China.
The chief executives of several leading multinational companies based in Germany joined Mr. Scholz on his three-day tour of China, which included a meeting with Xi Jinping, China’s top leader, in Beijing on Tuesday.
All of the company leaders oversee large operations in China that they are eager not only to maintain, but in many cases to expand.
Persons:
Olaf Scholz, Janet L, Scholz, Xi Jinping
Organizations:
Treasury, Mr
Locations:
China, United States, U.S, Germany, Beijing