Planned EU-China Investment Agreement May Lead to Free Trade Deal - Merkel

Lawrence Kim
July 6, 2017

Germany is the second leg of Xi's European tour which also took him to Russian Federation.

Xi was greeted with military honours by German President, Frank-Walter Steinmeier, before heading off to a meeting with Chancellor Angela Merkel.

He also said China and Germany, both the world's major economies, share not only broad common interests, but also responsibilities to maintain economic globalization and multilateralism, and to contribute to world peace and prosperity.

The Chinese president also proposed to enhance the strategic synergy between "Made in China 2025" and Germany's "Industry 4.0" with a pioneering, innovative, open and inclusive approach.

The second - and fourth-largest economies in the world should deepen their cooperation in areas including innovation, internet, finance, energy, environmental protection and green development, he added.

Xi's visit comes as China promotes it "Belt and Road" project, its biggest foreign initiative to date as Beijing looks for global stature to match its economic success.

In the article, Xi pointed out that people-to-people exchanges play an important role in elevating China-Germany relations to a higher level.

Next on his agenda was a visit to Berlin's zoo with Merkel, where the two are to view a pair of pandas that recently arrived in the German capital, a gift from China.

The leaders planned later Thursday to go to the zoo to see pandas Meng Meng and Jiao Qing, who arrived June 24.

According to the Chinese president, the two countries also need to step up coordination and cooperation at the United Nations, the International Monetary Fund, the World Trade Organization, the Asian Infrastructure Investment Bank and other international organizations and institutions.

When reviewing the relationship, Xi noted that the two countries have set up more than 70 mechanisms for dialogue and cooperation.

Ties between China and Germany are about to enter a new phase, China's president said after meeting Germany's chancellor, ahead of a G20 summit which is expected to highlight their differences with the U.S. administration on a host of issues.

Other reports by Click Lancashire

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