At the first high-level talks between China and Germany in four years, both sides agree to update a financial cooperation agreement, but trade appears sidelined.
Amid mounting talk in Europe of ‘de-risking’ from China, coupled with the unstoppable rise of Chinese electric-vehicle makers, German carmakers may be losing their say in the EU’s economic policy.
Reassurances from US Commerce Secretary Gina Raimondo in China this week may have fallen on deaf ears as tech-containment efforts and supply-chain shifts persist.
The US commerce secretary wrapped up her China trip with a press conference at Boeing’s maintenance hanger in Shanghai, but whether the American aircraft maker resumes sales to China remains up in the air.