China, Germany agree to make new contributions to global economic stability, growth

By Berk Kutay Gokmen

ISTANBUL (AA) – China and Germany agreed on Monday to make new contributions to global economic stability and growth during financial talks in Beijing, state-run Xinhua News reported.

Chinese Vice Premier He Lifeng co-chaired the fourth China-Germany High-Level Financial Dialogue in Beijing, which also included German Vice Chancellor and Federal Minister of Finance Lars Klingbeil.

During the talks, he said China is eager to collaborate with Germany to "make new contributions to the stability and growth of the global economy," with both sides agreeing "on a series of mutually beneficial outcomes."

According to Xinhua, Klingbeil expressed Germany's willingness to engage in close exchange and cooperation with China in the financial and monetary sectors.

The meeting followed talks earlier this month between Chinese Foreign Minister Wang Yi and his German counterpart Johann Wadephul.

Wadephul had postponed a trip to China last month after Beijing failed to confirm meetings beyond the scheduled one with Wang.

Germany and China have maintained relations since 1972. In 2024, China was Germany's second-largest trading partner for goods, with a trade volume of nearly €246 billion.

China's restrictions on chip and rare earth metal exports have strained relations between the two industrial giants.