The move, if it was to happen, would be part of the government's efforts to reduce its economic exposure to the Asian economic superpower, but could seriously damage business ties with Beijing, according to the report, which cited those familiar with the ongoing discussions in government.
A Chinese foreign ministry spokesperson Mao Ning, said in response to being asked about these potential curbs sthat it was, "not constructive for some countries to impose export controls on China in the name of reducing dependence", and that it could destabilise the global industrial supply chain.
Germany is currently reassessing its ties with China and while it has called for fairer market access to its largest trading partner it is increasingly looking at China as a significant strategic rival.
Merck and BASF, two German chemicals giants, who could be affected by these proposed export curbs if implemented.
If Germany presses ahead with the curbs, it would be following partner countries such as the Netherlands, home to ASM International the semiconductor equipment manufacturer, which last month introduced plans to restrict exports of semiconductor technology to protect national security, joining the US effort to curb chip exports to China.
German Economy Minister Robert Habeck has said that Berlin could impose export restrictions to China to prevent Germany from losing its technological edge.
