Summary
German Chancellor Friedrich Merz traveled to Hangzhou, China, accompanied by business leaders, to strengthen economic ties and secure business contracts. Merz's visit included discussions about improving trade relations and addressing trade imbalances with China, as well as geopolitical topics like the situation in Ukraine and Taiwan. China agreed to buy up to 120 Airbus aircraft, and future contracts are being discussed to enhance cooperation between the two countries.
Key Facts
- German Chancellor Friedrich Merz visited the Chinese tech hub, Hangzhou, during his official trip to China.
- Merz is accompanied by business leaders from major German companies such as Volkswagen, BMW, and Mercedes.
- The visit aims to strengthen economic ties and address Germany's trade deficit with China, which reached 89 billion euros last year.
- An agreement was made for China to purchase up to 120 Airbus aircraft.
- Merz discussed geopolitical issues, including Ukraine and Taiwan, with Chinese leaders.
- The two countries released a joint statement supporting peace efforts in Ukraine and fair trade practices.
- Merz's visit is part of broader efforts by Western leaders to engage with China amid past trade tensions with the U.S.
