German FinMin Warns China: Rare Earth Export Curbs Threaten Global Economy | Beijing Meeting | APT - video Dailymotion

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German Finance Minister Lars Klingbeil met Chinese Vice Premier He Lifeng in Beijing on Monday, stressing that unjustified export controls on rare earths and critical raw materials pose a major threat to the global economy.  Klingbeil said Germany and Europe support open markets and fair competition, and raised concerns over China’s export restrictions, noting their impact on supply chains for German and European companies. He added that Chinese officials assured him they were taking these concerns seriously and were open to finding joint solutions.  #Germany #China #RareEarths #LarsKlingbeil #HeLifeng #TradeTensions #GlobalEconomy #Beijing #CriticalRawMaterials #SupplyChains #SinoGermanRelations

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00:00For Germany and for Europe, I will clearly say that we set on open markets and we set on fair

00:23requirements. We do not scheuen the competition, but it is also clear that he must be fair.

00:30A central topic for me is the access to critical products. I have made it today clear that we

00:36here for the German and for the European countries we need stability and stability,

00:41and that the unrighteous use of export controls is a serious threat for the world's economy.

00:48I have in my heutigen Gesprächen the point of view of the Chinese side, that German and European

00:55concerns about the short-term emissions and the kritical emissions by the seltenen Erden and

00:58by the raw materials, that they will be taken seriously and that we will find gemeinsame

01:02solutions in the sense of a reliable supply and in the sense of a reliable supply chain.

01:07We have also discussed over the Overcapacities in Schlüsselsektoren such as Stahl-, Solar-

01:12or Elektromobilität. We see here from the German side a fairer

01:16and we see that the industry and the workers outside of China are also in Germany

01:23in Germany. I have noted that it should be a gemeinsame Aufgabe to be, the

01:28Abbau of these Overcapacities to go and so on and thus also for stable

01:32Wettbewerbs conditions to be taken. I will here be noted that China is a central

01:39global actor, politically, economically and technologically. And even more important is it,

01:43through personal meetings, with China instead of just over China to speak.

01:50That is happening today. And that will we in the coming days

01:53further further, with respect and all of the openness. And of course, we will talk

01:59about the critical issues of which we have a different view of.

02:04The Russian war against Ukraine means an incredible suffering for the Ukrainian

02:09population. And it is a significant failure of the Völker rights and the European

02:14peace of mind. I have highlighted the wide range of political and

02:18economic consequences of which, despite the brutal existence of the war,

02:24the political and economic consequences of not only for Europe, but also for worldwide.

02:28We have also talked about it. And I have made it clear that I am convinced that I am

02:33convinced that the Chinese side can be a very special role in this war, to end

02:37this war and to work on Russia.

02:41Thank you very much.

02:43Thank you very much.

02:47Thank you very much.

German FinMin Warns China: Rare Earth Export Curbs Threaten Global Economy | Beijing Meeting | APT

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