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Merck KGaA (MRCG.DE) and BASF (BASFn.DE), two German chemicals majors who could be affected by the export curbs if implemented, declined direct comment.īut Merck's chief executive Belen Garijo on Friday told its annual meeting that she hoped 'common sense and citizens' interest' would prevail, noting that Merck had strong roots in China going back nearly 90 years.

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Germany is increasingly wary of China as a strategic rival as well as its largest trading partner, and has considered a series of steps as it reassesses bilateral ties. Mao said it would only hurt others and destabilise the global industrial supply chain, urging countries planning curbs to respect the regulations of the market economy, and 'work with China to safeguard the international economic and trade order'.

The report suggested the move was in early stages of discussion but officials taking part in the talks were aware that such a step could damage business ties with Beijing.Ĭhina's foreign ministry spokesperson Mao Ning, in response to a question on Friday about the potential German curb, said it was 'not constructive for some countries to impose export controls on China in the name of reducing dependence'. The person added that talks with foreign partners were confidential, without elaborating.īloomberg reported on Thursday that the government was considering restrictions on the chemicals in order to reduce Germany's exposure to the Asian economic superpower.

April 27 (Reuters) - Germany currently has no plans to ban the export to China of chemicals used to manufacture semiconductors, officials said on Friday, a day after a Bloomberg report suggested such a move could be in the works and Beijing called it destabilising.Ĭhancellor Olaf Scholz's office 'is not currently pursuing any plans for an export ban on chip chemicals to China', a spokesperson said.