FRANKFURT : Cutting economic ties with China is unrealistic, the chief executive of luxury carmaker Mercedes-Benz told tabloid newspaper Bild am Sonntag, and said attempting to do so would put most of Germany's industry at risk.Europe is trying to reduce its dependency on China as the disruption of the pa
FRANKFURT : Cutting economic ties with China is unrealistic, the chief executive of luxury carmaker Mercedes-Benz told tabloid newspaper Bild am Sonntag, and said attempting to do so would put most of Germany's industry at risk.
But Ola Kaellenius said decoupling from China, the world's second largest economy, was"unthinkable for almost all of German industry". German carmakers depend on the Chinese car market, the world's largest, and Mercedes-Benz counts China's Beijing Automotive Group Co Ltd and Geely Chairman Li Shufu as its two top shareholders.
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