German Chancellor Merkel’s trip to China focused on trade & steel

Global Business

German Chancellor Merkel's trip to China focused on trade & steel

Business relations is one of the major focus of the trip as Germany is looking to further capitalize on increased Chinese investment.

CCTV’s Guy Henderson in Berlin has this report.Follow Guy Henderson on Twitter @guyhendersonde

German Chancellor Merkel’s trip to China focused on trade & steel

German Chancellor Merkel’s trip to China focused on trade & steel

Business relations is one of the major focus of the trip as Germany is looking to further capitalize on increased Chinese investment.

During her visit, Merkel will co-chair the fourth round of China-Germany Inter-governmental Consultations with Chinese Premier Li Keqiang. She will also meet with President Xi Jinping.

For some at this cutting-edge design expo, China’s economic slowdown is great news. A maturing Chinese market needs higher end products, and German know how is in demand.

While German companies are making gradual inroads in China, the capital is moving a lot more swiftly in the opposite direction.

Chinese investment in Germany has rapidly increased over the last decade from near zero. And unlike many other parts of Europe, it’s remained stable despite some sluggish economic growth here. China’s interest appears mainly driven by an increasing demand for products of the highest quality.

Chinese investments are also diversifying in German companies, large and small.

This will be the German Chancellor’s ninth official visit to China. And it is, perhaps more than ever, about business.


Jack Perkowski discusses China-Germany business ties

For more on the Chinese investment in Germany, CCTV America’s Jessica Stone spoke to Jack Perkowski, managing partner of JFP Holdings, Ltd.