China's Vice Minister of Finance Liao Min holds a video call in Beijing with Jeanette Schwamberger, state secretary of the German Federal Ministry of Finance, at the latter's request, on March 2, 2026. Photo: China's Ministry of Finance

China's Vice Minister of Finance Liao Min on Monday held a video call with Jeanette Schwamberger, state secretary of the German Federal Ministry of Finance, at the latter's request, with the two sides having an in-depth exchange of views on the China-Germany High-level Financial Dialogue and cooperation between China and Germany in the G20 finance channel, China's Ministry of Finance said on Tuesday.

According to the ministry, Liao said during the video call that recently, German Chancellor Friedrich Merz successfully concluded his visit to China. China stands ready to work together with Germany to implement the important consensus reached by the leaders of the two countries, enhance communication and cooperation within the framework of the China-Germany High-level Financial Dialogue, and promote sound and steady development of bilateral economic ties, Liao said.

As major global players, China and Germany should strengthen coordination on multilateral platforms including the G20 to jointly tackle global challenges, steadfastly uphold multilateralism and free trade, oppose protectionism, and contribute more to world peace and development, Liao noted.

Schwamberger said that Germany places high importance on its relationship with China, positively evaluates the fruitful results of Chancellor Merz's recent visit to China, and stands ready to further deepen bilateral cooperation in financial and other fields for mutual benefit and win-win outcomes.

As major countries bearing shared responsibility for addressing global challenges, Germany and China have enjoyed sound communication and coordination under the G20 framework. Both sides should continue to advance the G20's greater role in responding to global issues, Schwamberger noted.

The two sides also exchanged views on other issues of respective concern, said the ministry.

Global Times