Germany wants deeper, fairer economic cooperation with China, Chancellor Merz tells Chinese premier Li
Merz aims to address Germany's €89 billion trade deficit with China and push for fair competition amid concerns of market access and subsidies, officials said.
- On Wednesday, German Chancellor Friedrich Merz met Chinese leader Xi Jinping in Beijing to bolster bilateral ties, with Xi saying he was willing to take relations to new levels.
- Amid global fallout from U.S. tariffs, Berlin sought closer ties with China after it overtook the United States last year as Germany's biggest trade partner, with Merz following recent Western leaders courting Beijing.
- Traveling with a large business delegation, Merz met Premier Li Qiang at the Great Hall of the People where they signed agreements on climate and food security, and plans visits to Hangzhou's Unitree and a Mercedes plant on Thursday.
- He is expected to press Xi to urge Russia to end the war in Ukraine, with Wolfgang Niedermark saying, `We expect the chancellor to clearly address problems such as overcapacity, distortions of competition, and export controls on critical raw materials`.
- Germany's trade deficit with China hit a record 89 billion euros last year, and European companies warn that state-driven systemic competition risks new trade conflicts.
147 Articles
147 Articles
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