Decoupling from the Chinese market will cost jobs in Germany, the country’s Finance Minister Christian Lindner warned on Sunday.
Europe’s biggest economy will need to reduce its dependence on China gradually, he added.
Germany is working on a new China strategy that takes a more sober view of relations between the two economic superpowers.
It aims to reduce dependence on the world’s second largest economy, which has been the country’s top trading partner since 2016.
“Decoupling our economy from the Chinese market would not be in the interest of jobs in Germany,” Lindner was quoted as saying by the Welt am Sonntag newspaper.
He said that gradually other world regions and markets would have to become more important for German business over the coming years and decades, Welt reported.
“The political conditions must be improved for this,” Lindner said.
- Reuters, with additional editing by Vishakha Saxena