Germany addressed Chinese overcapacity in steel, solar and e-mobility, Finance Minister says

By Maria Martinez

BERLIN (Reuters) -Germany addressed the topic of Chinese overcapacity in key sectors such as steel, solar and electric mobility at the China-Germany Financial Dialogue on Monday, German Finance Minister Lars Klingbeil said.

"From the German perspective, we see fair competition at risk and also see industrial jobs under threat," Klingbeil said in Beijing.

He added that both countries have agreed that it should be a shared task to address the reduction of these overcapacities and thereby ensure stable competitive conditions.

"We have to speak with China instead of speaking about China," Klingbeil said, highlighting the need for China's cooperation to confront global challenges.

(Reporting by Maria Martinez, Editing by Miranda Murray)