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Merkel makes clear she won’t join Trump in challenging China

beijingwalker

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Merkel makes clear she won’t join Trump in challenging China

Published: Jan 16, 2020 4:01 a.m. ET

German chancellor says she doesn’t want to dismantle global supply chains



The U.S. still has tariffs on China even after reaching a preliminary trade pact as it seeks to prod open the world’s second-largest economy and counter both industrial and state espionage.

German Chancellor Angela Merkel isn’t about to join President Donald Trump in a pressure campaign against China.
In an interview with the Financial Times, Merkel even likened China’s success to Germany’s — “as was the case in Germany, [China’s] rise is largely based on hard work, creativity and technical skills.”

Merkel told the newspaper she did not want to dismantle global supply chains because of what she called an “economic competition.”

Asked about buying telecom equipment from Huawei, which the U.S. has pressured a host of countries not to do, Merkel replied that while the country should not be dependent on one firm, “I think it is wrong to simply exclude someone per se.”

Germany has been a victim of the U.S.-China trade war that has dented global trade. Germany’s economy grew just 0.6% last year, according to data released this week, its worst growth in six years, as industrial output outside of construction tumbled 3.6%.

As to her strained relationship with Trump, Merkel says there are “structural causes” and noted that President Barack Obama discussed an Asian century. “The United States’ focus on Europe is declining — that will be the case under any president,” she said.

https://www.marketwatch.com/story/m...nt-join-trump-in-challenging-china-2020-01-16
 

beijingwalker

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Merkel Advises Europe Against 'Complete Isolation From China'

Amit Nag , Benzinga Staff Writer
January 16, 2020 1:58am

German Chancellor Angela Merkel said Europe should stop viewing China as a systemic rival and avoid coming “under pressure between America and China.”

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Europe should maintain a close relationship with China and avoid involvement in the ongoing U.S.-China trade war, said Merkel in an interview with the Financial Times.

Germany and Europe should definitely “ensure that trade relations are fair," but at the same time should not “dismantle all interconnected global supply chains,” said Merkel.

“In my opinion, complete isolation from China cannot be the answer,” she added.

Merkel also advised against “regarding China as a threat simply because it is economically successful,” and said China’s success is mainly driven by their “hard work, creativity and technical skills.”

Merkel’s Views on Brexit and the Future of Europe
The German Chancellor said Brexit should be a “wake-up call” for the European Union as European countries need to strengthen their collaboration on issues like defense and technology.

“I see the European Union as our life insurance. Germany is far too small to exert geopolitical influence on its own, and that’s why we need to make use of all the benefits of the single market,” said Merkel.

With the U.S. focus on Europe declining, European countries, especially Germany should ramp up efforts to make Europe a more “attractive, innovative, creative, a good place for research and education,” she said.

Europe’s reform initiatives must continue, and the EU should develop its own chips to avoid reliance on foreign technologies.

“I believe that chips should be manufactured in the European Union, that Europe should have its own hyperscalers and that it should be possible to produce battery cells,” said Merkel.

https://www.benzinga.com/government...rope-against-complete-isolation-from-china-ft
 

Beast

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Europe is not fool to join Trump stupid venture of containing China.

Europe shall still remember the refugee crisis of Libya and Syria which main cause is non other than US.
 

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