Economist Hüther: Merz has to speak out against unfair trade practices against Xi
address / IW director calls for “confident conversation
Eye level” – “Don’t have to worry about being overrun by China”
Osnabrück (ots) – Osnabrück. Top economist Michael Hüther is Chancellor
Friedrich Merz before his talks with the Chinese leadership (on this
Wednesday) called for clear announcements. “He should address that unfairness
Trade practices do not have staying power, but rather provoke countermeasures.
This has to be made very clear to the Chinese,” said the director of the
Institute of German Economics (IW) in conversation with the “Neue Osnabrücker
Zeitung” (noz, Wednesday edition). “Friedrich Merz shouldn’t be in Beijing
let him drive you crazy, which he probably won’t do either.” Merz meets on
Wednesday first the Chinese Prime Minister Li Qiang, before he from
President Xi Jinping will be received for a one-on-one meeting.
Hüther said: “Mr. Merz can have a confident conversation in Beijing
Lead at eye level. Germany and China are the two big winners
Globalization phase since the 80s/90s. And both countries are now standing
facing significant structural challenges. Together we can do better.” Up
On the Chinese side, the IW director called “the dramatic aging of the
society, the misallocation of capital, the problems in the real estate sector”
as well as “an overproduction crisis,” especially for electric cars.
At the same time, the economist countered growing fears that
China will technologically depend on Europe. “A country can do this for all products
have comparative advantages – as we economists say? That’s almost it
“Excluded,” said Hüther to noz. The concern would only be justified if
Research intensity would not be promoted in this country. “On what
What matters is that we learn more from the findings of the universities
to create value. For example through spin-offs. If we can do better
and we can do that, we don’t have to worry about being overrun by China
“Especially since Germany and Europe could possibly benefit from that
academic freedom in the USA is threatened.
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OTS: New Osnabrücker Zeitung