After more than 4 years, China-Germany restart High-level Financial Dialogue

The second high-level financial dialogue between China and Germany took place in Beijing. (Source: CGTN)

At a regular press conference on September 28, Chinese Foreign Ministry spokesman Mao Ning confirmed that the 3rd High-Level Financial Dialogue between China and Germany will take place in Germany on October 1.

Chinese Vice Premier He Lifeng and German Finance Minister Christian Lindner co-chaired the financial dialogue, marking the resumption of the mechanism that had been suspended due to the Covid-19 pandemic.

According to Reuters , in the last round of negotiations in January 2019, China and Germany signed agreements to strengthen coordination in financial, banking and capital markets, while pledging to promote market access and strengthen cooperation to expand economic ties.

Since then, the European Union, including Germany, has expressed concerns about over-reliance on China economically.

Last week, Germany said it was planning to force telecoms operators to cut the use of Huawei and ZTE equipment in 5G networks after a report found overreliance on the suppliers.