Li proposed for the setting up of an intergovernmental mechanism to coordinate the development strategies of the two countries, since China is promoting its Made in China 2025 strategy, while Germany has its Industry 4.0 strategy. Consumer spending accounted for 60 percent of China’s economic growth in the first half of 2015.
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Accordingly, trade was the major objective of Merkel’s visit.
Among the agreements is a deal for Chinese airlines to purchase about 130 Airbus aircrafts for over $17 billion (108 billion yuan), according to Reuters. Both leaders also witnessed the signing of over a dozen agreements ranging trade to people-to-people exchanges.
Merkel and Seehofer are scheduled to hold one-on-one talks on Saturday, with Gabriel joining them on Sunday evening to discuss the migration crisis. Reform of fiscal policy and mechanisms, as well as state-owned enterprises, should be deepened in an effort to restructure China’s economy, Xinhua reported Li as saying, underscoring the roles of innovation and entrepreneurship.
China and Germany have in recent years attached great importance to cultural and people-to-people exchanges.
Merkel had visited six big Chinese cities apart from Beijing in her past seven visits.
At present, the H135 is assembled in Donauwörth, Germany, alongside the larger H145, at a rate of around 45-50 helicopters a year. Yang gave no details of China’s claims.
“During this visit from Chancellor Merkel we have reached a common consensus, (that we will) implement dialogues and consultation mechanisms between governments on the issues of cyber security, (internet) openness and countering theft of commercial secrets”, he said.
Li said he and Merkel had “candid and productive” talks－their scheduled half-hour closed-door meeting was extended to more than an hour.
“We are against cyber theft and the stealing of trade secrets”, Li reportedly said.
“Germany supports, in general, China’s claim to get the market economy status”.
The USS Lassen travelled within 12 nautical miles of one of China’s man-made islands in the Spratly archipelago on Tuesday. What she did say was carefully calibrated not to anger China – but not to condone its actions, either. “I am always a bit surprised why in this case multinational courts should not be an option for a solution”, said Merkel, in a report by The Guardian.
Although the CSU’s bark has proved worse than its bite, the sharper tone underscored how serious tensions within the German government have become as hundreds of thousands of migrants, mainly from Syria and Afghanistan, stream into Germany.
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He told her that China welcomes Germany taking part in the development of central and western China and also in the modernization of north-eastern areas. “However, there [are] plenty of means to settle disputes, and worldwide arbitration is just the one of them”.
