The leaders of China and Germany convened for a bilateral meeting during the G20 Summit in Rio de Janeiro, Brazil. German Chancellor Olaf Scholz stated that Germany hopes the EU and China can resolve EV issues through dialogue and negotiation as soon as possible, and Germany is willing to make positive efforts in this regard.

Deutsche Bundesbank Vice President Sabine Mauderer warned Monday that a fragmentation of the global economy has no winners. Trade protectionism leads to a decline in growth and would be particularly harmful when the global economy faces challenges, she added.