Exclusive - German firms should cut dependence on China, says top industry group

FILE PHOTO: German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang review the guard of honour at the chancellery in Berlin, Germany, July 9, 2018. REUTERS/Fabrizio Bensch

BERLIN (Reuters) - German firms should cut their dependence on the Chinese market, a leading industry group says in a strategy paper that underscores rising concern over Beijing's state-driven economic model, according to a draft seen by Reuters.

The 25-page China position paper from the Federation of German Industries (BDI), due to be published in January, argues that a long-promised opening of the Chinese market is unlikely to take place and voices concern about rising Communist party control over society and the economy.