Stronger Together: Balancing Competition and Cooperation
German Economy Minister Katherina Reiche emphasizes the importance of balancing competition with cooperation during her visit to Beijing. She highlights the mutual benefits of fair competition and stresses the need for stable relations with China, which remains Germany's largest trading partner. Discussions also included access to critical minerals.
Devdiscourse News Desk | (Adds Quotes And Details From The Statement From Paragraph 2) By Maria Martinezberlin | Updated: 27-05-2026 11:56 IST | Created: 27-05-2026 11:56 IST
During a visit to Beijing, German Economy Minister Katherina Reiche stressed the dual importance of competition and cooperation in fostering modern economic relationships.
Speaking to Chinese counterparts, Reiche highlighted that while German firms embrace competition, it should yield mutual benefits. Germany values its crucial economic ties with China.
With a trade volume of 250 billion euros, China remains Germany's top trading partner. Reiche also addressed the necessity of reliable access to critical minerals for German industries.
(With inputs from agencies.)
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