Germany's Merz deepening economic cooperation in China
German Chancellor Friedrich Merz is visiting China for the first time to enhance economic collaboration with the country, which is both Germany's largest trading partner and competitor in high technology.
German Chancellor Friedrich Merz is on his first official visit to China, aiming to strengthen economic cooperation between the two nations. This visit is significant as China represents Germany's largest trading partner as well as a key competitor in high-tech industries. Merz commenced his trip with a meeting with Chinese Prime Minister Li Qiang, emphasizing the importance of fair collaboration in economic matters, a sentiment echoed by Li who expressed China’s eagerness to promote deeper, practical cooperation and dialogue between the two countries.
Throughout his visit, Merz is set to hold discussions and dine with Chinese President Xi Jinping. The schedule also includes visits to historical sites like the Forbidden City and important industrial hotspots, such as a Mercedes factory, which highlight the existing economic ties and the potential for further collaboration in fields like robotics and energy where German companies have considerable expertise. This visit is not just a diplomatic gesture but an attempt to renegotiate and reaffirm mutual economic interests amid increasing tensions in global trade relations.
Accompanying Merz are leaders from major German businesses, including executives from automotive giants Volkswagen, BMW, and Mercedes. Their presence signifies the importance of the automotive industry to Germany’s economy and its critical role in the international market. As economic relations become more complex with competition and cooperation intertwining, this visit is a pivotal step in navigating Germany’s economic strategy towards China, potentially setting the stage for future partnerships and agreements.