Business · Malaysia Bureau
German industry seeks Europe to reduce reliance on Chinese market
A major German business association is calling for stronger European action to counter what it characterizes as unfair competitive practices by Chinese companies. The push reflects growing concerns among European manufacturers about trade imbalances and market access issues.
LSN Malaysia ·
Germany's influential industry association has intensified calls for the European Union to diversify its economic relationships and reduce dependency on China, citing concerns over unfair business practices by Chinese competitors.
The organization argues that European companies face significant competitive disadvantages stemming from what it describes as discriminatory practices in the Chinese market, including restricted market access and unequal treatment compared to domestic rivals.
The appeal reflects broader anxieties within Europe's manufacturing sector about trade dynamics and competitiveness. German industrial firms, which have historically maintained substantial operations and supply chains connected to China, are increasingly concerned about protecting their market position amid rising tensions over trade fairness and intellectual property protections.
The association's position aligns with mounting pressure within European political circles to reassess the continent's economic strategy toward Asia. Policymakers have begun exploring greater trade diversification and closer economic ties with other regional partners to reduce systemic vulnerabilities.
The calls come as European companies navigate complex market conditions characterized by supply chain disruptions, geopolitical tensions, and shifting regulatory environments across major Asian economies.