Germany must avoid repeating with China the mistakes that it made in its relationship with Russia over recent years, the German foreign minister said on Oct. 18.
“We must first of all learn from the mistakes of our Russia policy of recent decades,” Annalena Baerbock said at a foreign policy forum in Berlin organized by the Koerber Foundation think tank. “I say very clearly that one-sided economic dependence exposes us to political blackmail.”
Baerbock acknowledged that the country ignored warnings from eastern European partners about its dependence on Russian energy.
“We must ensure that we don’t make such a mistake again, and that means that we will have to take account of this more strongly in our policy toward China,” Baerbock continues.
“This is why one part of the National Security Strategy is to formulate a German China Strategy for the first time, which is, of course, embedded into the European China Strategy.”
New China Trade Policy
Baerbock’s remarks are not the first by a German official to voice concerns about Berlin’s close ties with Beijing.“Our trade relationship with China is almost a concentration risk for our economy,” Lindner said. “It may be a trading partner, but it’s also [a] systemic rival.”
Meanwhile, German companies, especially automakers, have a heavy investment in China. The 7,000 German companies in China and 2,000 Chinese companies in Germany could be “dynamic forces” to bring the countries closer, Chinese Premier Li Keqiang told German Chancellor Olaf Scholz in a phone call in January.
Scholz’s new coalition government is reshaping its trade policy with China, aiming to lessen dependence on Beijing, Economy Minister Robert Habeck said.
While he didn’t reveal all details, Habeck told Reuters an examination of Beijing’s investment would be included. He also expressed opposition to the regime’s Belt and Road Initiative, a multi-billion project that has saddled many developing nations with unsustainable debt levels.
He said there would be “no more naivety” in the trade relationship with the communist regime.