German Chancellor Friedrich Merz on ​Monday called for a ‌dialogue with China on Beijing's monetary policy, ​saying that the ​EU could not win, no ⁠matter how innovative ​or good the bloc ​may be, against a competitor that artificially manipulates its ​currency.

"We are now ​trying to steer the dialogue ‌with ⁠China toward a solution ... an attempt to persuade China to ​allow its ​own ⁠currency to float freely, including ​in the context ​of ⁠competition in the capital markets," Merz said ⁠in ​a speech at ​a German university.