Germany’s Scholz ‘surprised’ by firms’ dependence on China

Germany’s Scholz ‘surprised’ by firms’ dependence on China

2 days ago

BERLIN: German chancellor Olaf Scholz said the number of German companies that have ignored the risks of depending too heavily on the Chinese market was remarkable and stressed the need for diversification, in an interview with Focus magazine today.

“The importance of the Chinese market needs no explanation,” he said, but the goal is not to be dependent on any one market.

“I am therefore surprised at how dependent some companies have made themselves on individual markets and have completely ignored the risks,” Scholz told the magazine.

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