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Steinmeier: Germany is too dependent on China

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Published: July 4th, 2022,
Last updated: July 4th, 2022

German President Frank-Walter Steinmeier warns that Germany is becoming too dependent on China. „In some strategically important fields, our dependence on Chinese raw materials is significantly greater than our dependence on Russian gas,“ Steinmeier said in Hamburg at the ceremony marking the 100th anniversary of the Überseeclub, which promotes democracy and international understanding. Germany is too dependent, for example, on pharmaceutical products and „technologies that are indispensable for the energy and mobility transition“.

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Geopolitics Metals Raw materials Trade EU Germany Rare earths