Germany welcomes China’s support for G20 debt restructuring framework

Germany has welcomed China’s support for the G20 debt restructuring framework for poorer countries. German Finance Minister Christian Lindner stated that solutions to the debt crisis require China’s involvement as an important player in world politics. The joint statement did not provide specific details on the restructuring plans. Germany and China also showed determination to expand market access opportunities and proposed increasing the frequency of financial dialogues between the two countries. The meeting took place in Frankfurt, as Germany aims to strengthen the city as a hub for financial services.