German Firms Should Cut Dependence on China, Says Top Industry Group

German Firms Should Cut Dependence on China, Says Top Industry Group
FILE PHOTO: German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang review the guard of honour at the chancellery in Berlin, Germany, July 9, 2018. REUTERS/Fabrizio Bensch/File Photo
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BERLIN—German firms should cut their dependence on the Chinese market, a leading industry group says in a strategy paper that underscores rising concern over Beijing’s state-driven economic model, according to a draft seen by Reuters.

The 25-page China position paper from the Federation of German Industries (BDI), to be published in January, argues that a long-promised opening of the Chinese market is unlikely to take place and voices concern about rising Communist party control over society and the economy.