"Merz's trip to China, which became Germany's largest trading partner last year, seeks to deepen decades-old economic ties with the world's second-largest economy in the wake of tariffs imposed by the United States last year. But he has also sought to address challenges in the relationship, most notably tackling the massive imbalance which saw Germany's trade deficit with China hit a record 89 billion euros."
"In a meeting with Chinese Premier Li Qiang in Beijing on Wednesday, before he met Chinese President Xi Jinping, Merz said he wanted to improve and make fair the cooperation between the countries. Following the talks with Xi and top Chinese leaders, Merz said China had agreed to buy up to 120 Airbus aircraft, and said other contracts were in the pipeline."
"Hangzhou is a major hub in China's tech sector, home to giants, including artificial intelligence company DeepSeek and e-commerce platform Alibaba. Before leaving Beijing, Merz, who is being accompanied by a delegation, including executives of German car giants Volkswagen, BMW and Mercedes, visited a Mercedes plant in the Chinese capital where he tested a self-driving vehicle."
German Chancellor Friedrich Merz arrived in Hangzhou, a major Chinese tech hub home to AI company DeepSeek and e-commerce giant Alibaba, accompanied by executives from German automotive companies including Volkswagen, BMW, and Mercedes. The visit aims to deepen economic relations between Germany and China, which became Germany's largest trading partner last year. Merz seeks to address significant trade challenges, particularly Germany's record 89 billion euro trade deficit with China. During meetings with Chinese Premier Li Qiang and President Xi Jinping in Beijing, Merz emphasized fair cooperation. China agreed to purchase up to 120 Airbus aircraft, with additional contracts anticipated. Both leaders committed to developing closer strategic relations amid U.S. tariff pressures.
#germany-china-trade-relations #tech-industry-partnerships #trade-deficit-and-economic-imbalance #diplomatic-business-delegation
Read at www.aljazeera.com
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