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China's Xi, Germany's Merz stress ties to weather trade turmoil

China's Xi, Germany's Merz stress ties to weather trade turmoil

Straits Times23-05-2025

Chinese President Xi Jinping waves to spectators as he leaves after a military parade on Victory Day, marking the 80th anniversary of the victory over Nazi Germany in World War Two, in Red Square in central Moscow, Russia, May 9, 2025. REUTERS/Maxim Shemetov REUTERS
BEIJING/BERLIN - Chinese President Xi Jinping and German Chancellor Friedrich Merz in a call on Friday highlighted the importance of their countries' relationship as both China and Europe are trying to tackle uncertainty caused by U.S. tariff policies.
Europe and China are among the biggest trading partners of the U.S. and have deep trading ties with each other. Chinese-German trade volume alone accounted for around 246 billion euros ($279 billion) last year, according to official figures.
Germany has in recent years sought a difficult balance in relations with China, seen by Berlin as both a strategic rival and a vital trading partner whose giant market has buoyed Germany's large export-driven economy.
In the call, Xi noted changes in the world unseen in a century, with "intertwined turmoil and transformation," official broadcaster CCTV reported.
"China is willing to work with Germany to open a new chapter in their all-round strategic partnership, to lead China-EU relations toward new development, and to contribute to the stable growth of the global economy," Xi was quoted as saying.
Merz's spokesperson said both leaders emphasized their willingness to cooperate to overcome global challenges.
"Chancellor Merz emphasized the importance of fair competition and reciprocity," he added.
Neither Berlin nor the CCTV report explicitly mentioned U.S. tariffs.
Beijing earlier this month urged Germany not to undermine cooperation in the name of de-risking, a strategy by Europe to reduce its dependence on China trade.
The European Union, of which Germany is the biggest economic power, and China are also at odds over Chinese electric vehicles. REUTERS
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