Germany, China, Olaf Scholz discussed on Bloomberg Daybreak Asia


Resume military to military talks. German Chancellor Olaf scholz says Germany believes in globalization and says it tells actually Bloomberg, John micklethwaite, the China, is part of that equation. Schultz says Germany will support Ukraine as long as they're in need in the war against Russia. And mayor of key vitali and Davos with Bloomberg's David Weston says a fight to keep infrastructure is intense. U.S. former U.S. Secretary of State Henry Kissinger has reversed course on Ukraine says now he believes Ukraine joining NATO could be an appropriate outcome. U.S. House speaker Kevin McCarthy says he feels the reason the Biden administration did not come forth with information about found documents is that it would have had political implications on the midterm elections. In San Francisco, I met Baxter, this is Bloomberg art Rashad. All right, indeed, let's now turn and have a look at Germany as we've got a country which is facing down an energy squeeze with Russia. And also looking also with one eye at China's reemergence from its COVID zero policies, German Chancellor Olaf schulze, sat down with Bloomberg editor in chief John micklethwait and the World Economic Forum in Davos. Europe has avoided a gas crisis and energy crisis this year, partly because of the provisions you talked about, partly because of the rather nice warm weather, although Berlin seems to be an exception at the moment. For all those reasons, we've got away with it this year. Next year, do you think that you can get through without blackouts, you're giving up nuclear power? You're giving up a lot of that gas that you had this year. I'm sure that we will be able to go through the situation again. And this is because we are constantly increasing our capacities for importing gas from the northern German ports and this will not stop with the things we did already. It will continue. And we will build a capacity that gives us a chance to have as much gas as we have before this war. And are able to import it without importing gas from Russia. Can I ask you about another place China? As I said to you before, I read your SM foreign affairs, but you said that when you came in, there was no plan B Germany was very reliant on energy from Russia and you had to try and work out. Your predecessor angular Merkel's reputation has suffered because of that. I wondered whether in your case you might run the same risk with China. Germany is the place which is most exposed to the Chinese economy out of the big western economies. You've led a trade delegation there. America is taking a much tougher approach towards China. Do you have a plan to gradually remove China from being so important to the German economy? Looking to China. I think the right answer is Germany is exposed to the rest of the world. We are much in favor of globalization. We don't believe that it is the right idea to follow the concept of deglobalization or something which is similar to that. So we have to cooperate with many partners and the right thing to do now is that we all together and also the business sector in all our countries are willing to have not just one supplier to look for others for going to many regions in the world and I think there is a mistake on the further there is a big mistake in looking to the world. The rise of Asia is not just happening in China. It's happened long ago in South Korea. It happened long ago in Japan. They are very strong nations. It happens in Vietnam. It happens in Indonesia. It happens in Malaysia. It happens in India and some other nations to be named. And if we look to the rest of the world to Africa to the south of America, there will be strong nations. So I'm really believe what we will see is a multi polar world with long with many strong nations on the world. And it is necessary to have a supply chain that is not just linked to one's region to one country and this is what we are doing now. And this will make it as strong for the future because if there is a difficulty with one nation with one region, we can look for the others which we are already well connected with. Wide ranging interview there by Bloomberg editor, chief economy, because with the German charter Olaf scholz talking about the right of Asia, the energy crisis that Germany was facing the fact the rest of Europe

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