Lawmakers in Germany step up campaign to decouple from Chinese supply chain

Lawmakers in Germany on Thursday set up a special committee to overhaul the country’s trade relationship with China, moving faster on a plan to reduce economic risks after Beijing’s recent limits on rare earth exports showed just how easily German businesses could be hurt. The new committee marks a shift from an earlier 2023 policy document that only offered broad suggestions. This time, the group, made up of business groups, worker representatives, and policy experts, will send specific recommendations to the government that can be turned into actual laws. The panel will look at energy supplies, imports of raw materials , and Chinese money flowing into important German facilities. The announcement comes just days before Finance Minister Lars Klingbeil heads to China to discuss various European Union concerns with Chinese officials. Germany is caught between two superpowers Germany has found itself in a tight spot this year with its biggest...

https://www.cryptopolitan.com/germany-to-cut-china-trade-dependency/