Christian Lindner and China's Vice Prime Minister He Lifeng want to strengthen trade between Germany and China.

Christian Lindner and China's Vice Prime Minister He Lifeng want to strengthen trade between Germany and China.

According to a report by amp2.wiwo.de, German Finance Minister Christian Lindner and China's Vice Prime Minister He Lifeng are in favor of strengthening trade and investment between Germany and China. Both countries want to expand market access for the other side in order to create fairer conditions of competition. They are also committed to an open global economy and multilateralism. The cooperation should also include the opening of financial markets, cooperation against money laundering and terrorist financing as well as the debt situation of poor developing countries.

The resumption of the German-Chinese financial dialogue after a four-year break due to the corona pandemic is an important step for economic cooperation between the two countries. The participation of high-ranking representatives from the Bundesbank, Chinese central bank, supervisory authorities and leading banks as well as companies such as Deutsche Bank, Allianz and major Chinese banks shows the importance of this initiative.

The increased cooperation and expansion of trade and investments between Germany and China can have positive effects on the financial sector. It opens up new market opportunities for German companies in China and vice versa. Opening up financial markets can lead to more competition and innovation, while increased cooperation against money laundering and terrorist financing can increase security in the financial sector.

However, it remains to be seen how the negotiations and the actual implementation of the measures will develop. If they are successful, they could lead to greater long-term growth and stability in the financial sectors of both countries. The planned annual financial dialogues also demonstrate the long-term commitment and willingness to work together continuously.