Lindner calls to “rethink” after German trade deficit with China more than doubled in 2022

That’s one thing price noting as Lindner is saying this by means of his Twitter account, saying that Germany ought to “study from experiences with Russia” and “as an alternative of changing into too dependent, we urgently must rethink” the scenario as China stays Germany’s important buying and selling accomplice for a seventh 12 months working.

For some context, Germany had a commerce deficit with China of round €84 billion final 12 months. The 2 international locations traded items price round €298 billion – up by round 21% from 2021. Of word, Germany imported items price €191 billion from China final 12 months – roughly a 3rd greater than the 12 months earlier than. In the meantime, exports of German items to China was seen round €107 billion – only a 3% enhance to the earlier 12 months.