BERLIN-The European Union should take a tougher approach to protecting companies from unfair Chinese trade practices as Beijing is not keeping its promise to further open up its economy, Germany’s BDI industry association said on Thursday. China has become Germany’s most important trading partner and exports of “Made in Germany” goods to the country have helped Europe’s largest economy cushion the domestic impact of the COVID-19 pandemic. The Chinese Communist Party (CCP) on Thursday concluded its annual, week-long session of its rubber-stamp legislature, the National People’s Congress (NPC), in which it laid out medium-term policy goals as part of its latest five-year plan. BDI Managing Director Joachim Lang said German industry was missing clear signals in the five-year plan for a real change of course towards market openness and free business economy. “A successful partnership will only work on the principles of reciprocity and establishing a level playing field in …
German Industry Urges EU to Toughen Response to Unfair Chinese Trade Practices
March 12, 2021
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