Tengku Zafrul: Last year’s weak ringgit main reason for Malaysia’s slide in world competitiveness, but ranking to improve as currency stronger now
In an unexpected twist, Habeck — from the ecologist Greens Party which is a junior partner in Germany’s fractious three-way coalition — criticised Berlin’s 11-month-old China strategy document as too short-termist and not in sync with the China strategies of other EU countries. Germany’s voice carries particular weight, and its leading car manufacturers have vociferously opposed the EU tariffs. Berlin has urged dialogue while expecting China to compromise.
The 64-page document accused Beijing of increasing assertiveness and “unfair practises” but was vague on policy measures to reduce critical dependencies. The German government did not immediately reply to a request for comment on Habeck’s statement, which adds to perceptions Berlin has yet to establish a clear path for the export-oriented German economic model in an era of rising protectionism.
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