China Urges German CEOs to Lead Risk Prevention Amid Trade Tensions

Chinese Premier Li Qiang on Monday told German business leaders that companies should take the lead on managing risk after Germany published its national security strategy, which described China as a “systemic rival.”
Li met with representatives of German companies—including Volkswagen, BMW, and Mercedes-Benz—in Berlin ahead of government consultations on Tuesday at the start of his first official trip overseas.
During the meeting, Li said he hopes that German companies will continue to contribute to developing bilateral ties between China and Germany while upholding the principles of “win-win cooperation.”
“Enterprises have the most direct and acute sense of risk and know how to avoid and respond to it,” Li was quoted as saying by Chinese state-run media Xinhua News Agency. “Failure to cooperate is the biggest risk, and failure to develop is the biggest insecurity.”… Source

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