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Germany wants deeper, fairer economic cooperation with China, Chancellor Merz tells Chinese premier Li
Merz leads a large German business delegation to address a 9.7% drop in exports and a 170.6 billion euro import increase amid calls for fairer trade and cooperation.
- On Wednesday, German Chancellor Friedrich Merz met Chinese President Xi Jinping in Beijing with a large German business delegation including Volkswagen, BMW and Mercedes to seek stronger bilateral ties.
- Facing sluggish growth and market uncertainty, Germany sent Merz to Beijing after China overtook the United States last year as its top trade partner and a record 89 billion euros trade deficit with China.
- At the Great Hall of the People, Merz secured memorandums on climate change and food security after urging fair cooperation with Premier Li Qiang, then plans visits to the Forbidden City, Mercedes plant, Unitree robotics, and Siemens Energy.
- Merz plans to press Beijing to use its influence with Russia to help end the war in Ukraine, as Xi signaled willingness to elevate bilateral ties.
- Merz joins recent Western outreach to Beijing as leaders seek stability while industry groups warn China’s state-driven overcapacity and export controls risk new trade conflicts with the EU, said Wolfgang Niedermark of the Federation of German Industries.
Insights by Ground AI
74 Articles
74 Articles
"I know that my predecessors have been in China quite regularly," says the Chancellor at a meeting with Xi Jinping. He wants to follow this tradition.
·Munich, Germany
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Federal Chancellor Friedrich Merz wants to reduce the dependence on China, but at the same time does not endanger relations with the second largest economic power. His state visit to Beijing is a tightrope hike.
·Bonn, Germany
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The Federal Chancellor wants to significantly expand relations with China.
·Berlin, Germany
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Coverage Details
Total News Sources74
Leaning Left17Leaning Right13Center23Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 32%
C 43%
R 25%
Factuality
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