The Fort Worth Press - Germany's Merz heads to China for talks centred on trade

USD -
AED 3.672504
AFN 63.000214
ALL 82.776172
AMD 376.396497
ANG 1.790083
AOA 916.999991
ARS 1391.501055
AUD 1.426005
AWG 1.8025
AZN 1.696076
BAM 1.687271
BBD 2.010611
BDT 122.494932
BGN 1.709309
BHD 0.377087
BIF 2954.923867
BMD 1
BND 1.276711
BOB 6.898158
BRL 5.313398
BSD 0.998318
BTN 93.32787
BWP 13.612561
BYN 3.028771
BYR 19600
BZD 2.007764
CAD 1.371275
CDF 2274.999872
CHF 0.787775
CLF 0.023504
CLP 928.050025
CNY 6.886401
CNH 6.90191
COP 3669.412932
CRC 466.289954
CUC 1
CUP 26.5
CVE 95.125739
CZK 21.17803
DJF 177.768192
DKK 6.461901
DOP 59.25894
DZD 132.247983
EGP 51.887086
ERN 15
ETB 157.330889
EUR 0.86488
FJD 2.21445
FKP 0.749593
GBP 0.749925
GEL 2.714966
GGP 0.749593
GHS 10.882112
GIP 0.749593
GMD 73.498083
GNF 8750.377432
GTQ 7.646983
GYD 208.85994
HKD 7.833835
HNL 26.423673
HRK 6.517497
HTG 130.966657
HUF 340.027501
IDR 16956.2
ILS 3.109125
IMP 0.749593
INR 94.01055
IQD 1307.768624
IRR 1315624.99994
ISK 124.270092
JEP 0.749593
JMD 156.839063
JOD 0.708995
JPY 159.072995
KES 129.327524
KGS 87.447896
KHR 3989.129966
KMF 427.000116
KPW 900.029607
KRW 1505.310507
KWD 0.30657
KYD 0.831903
KZT 479.946513
LAK 21437.260061
LBP 89404.995039
LKR 311.417849
LRD 182.685589
LSL 16.84053
LTL 2.95274
LVL 0.604889
LYD 6.39089
MAD 9.328473
MDL 17.385153
MGA 4162.53289
MKD 53.176897
MMK 2098.81595
MNT 3568.179446
MOP 8.05806
MRU 39.961178
MUR 46.510179
MVR 15.459777
MWK 1731.096062
MXN 17.93282
MYR 3.938989
MZN 63.885566
NAD 16.84053
NGN 1356.249583
NIO 36.733814
NOK 9.57545
NPR 149.324936
NZD 1.71346
OMR 0.384498
PAB 0.998318
PEN 3.451408
PGK 4.309192
PHP 60.150148
PKR 278.721304
PLN 3.69724
PYG 6520.295044
QAR 3.65052
RON 4.4015
RSD 101.324246
RUB 83.029422
RWF 1452.529871
SAR 3.754657
SBD 8.05166
SCR 13.69771
SDG 600.999747
SEK 9.349555
SGD 1.281655
SHP 0.750259
SLE 24.575028
SLL 20969.510825
SOS 570.504249
SRD 37.487502
STD 20697.981008
STN 21.136177
SVC 8.734849
SYP 110.711277
SZL 16.845965
THB 32.907995
TJS 9.588492
TMT 3.51
TND 2.948367
TOP 2.40776
TRY 44.31631
TTD 6.773066
TWD 32.036701
TZS 2595.522581
UAH 43.73308
UGX 3773.454687
UYU 40.227753
UZS 12170.987361
VES 454.69063
VND 26312
VUV 118.849952
WST 2.727811
XAF 565.894837
XAG 0.014864
XAU 0.000225
XCD 2.70255
XCG 1.799163
XDR 0.703792
XOF 565.894837
XPF 102.885735
YER 238.603045
ZAR 17.059215
ZMK 9001.197091
ZMW 19.491869
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • BCC

    -1.5600

    68.3

    -2.28%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • NGG

    -3.5400

    81.99

    -4.32%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • GSK

    -0.5300

    51.84

    -1.02%

  • BCE

    0.0600

    25.79

    +0.23%

  • RIO

    -2.5000

    83.15

    -3.01%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • RELX

    -0.4600

    33.36

    -1.38%

  • AZN

    -5.3300

    183.6

    -2.9%

  • VOD

    -0.0900

    14.33

    -0.63%

  • JRI

    -0.3900

    11.77

    -3.31%

  • BTI

    -1.3500

    57.37

    -2.35%

  • BP

    -1.0800

    44.78

    -2.41%

Germany's Merz heads to China for talks centred on trade
Germany's Merz heads to China for talks centred on trade / Photo: © AFP

Germany's Merz heads to China for talks centred on trade

German Chancellor Friedrich Merz left Tuesday for his inaugural visit to China, long a huge market for German goods but now a high-tech rival as Europe's biggest economy struggles.

Text size:

Berlin and Beijing want to build on their decades-old economic ties at a time US President Donald Trump has sparked global chaos with his tariffs blitz and other erratic foreign policy moves.

But Merz is also expected to stress German and European interests in his talks Wednesday with President Xi Jinping, including by urging him to put pressure on its ally Russia to end the war in Ukraine.

Germany considers China, the world's number two economy, as a key trade and investment partner -- but also regards the communist one-party state as a systemic rival to the West.

Many commentators have taken note of the fact that Merz first travelled to India, the world's largest democracy, weeks before he headed to China.

Merz said Friday he was going to Beijing, with a large business delegation in tow, in part because export-dependent Germany needs "economic relations all over the world".

"But we should be under no illusions," he added, pointing out that China as a rival to the United States now "claims the right to define a new multilateral order according to its own rules".

China under Xi has grown far more assertive on the world stage, built up its military, stressed its claim on Taiwan, and pushed back strongly against criticism of its human rights record.

Flexing its muscle at times of tension, Beijing has restricted exports of critical minerals used in products from microchips and wind turbines to electric car batteries and weapons systems.

Last year, Beijing temporarily halted the export of Nexperia chips to Europe following a dispute with the Dutch government.

More broadly, European businesses complain that China, with its low domestic demand, is flooding Europe with goods made cheap through state subsidies and an undervalued currency.

Germany's trade deficit with China hit a record 89 billion euros ($105 billion) last year.

"China has risen to the ranks of the major powers," Merz said just before leaving Berlin Tuesday, stressing that "we want a partnership with China that is balanced, reliable, regulated and fair".

- 'Systemic competition' -

As Trump has unsettled allies and rivals alike, China has nonetheless also sought to present itself as a reliable partner and defender of the multilateral order.

China's top diplomat Wang Yi told Merz at the Munich Security Conference this month that Beijing hoped to bring ties "to a new level" and wanted Germany to be a "stabilising anchor for strategic relations" in the European Union.

As other nations also seek to rebalance their economic relations, the leaders of France, Britain and Canada all recently visited China, where Trump is expected from March 31.

Merz, like his predecessors Angela Merkel and Olaf Scholz, will be joined by business leaders including executives of auto giants Volkswagen, BMW and Mercedes.

In Beijing, Merz will first meet Prime Minister Li Qiang, then have talks and dinner with Xi.

On Thursday, Merz is to visit Beijing's Forbidden City, then a Mercedes plant where autonomously driving vehicles will be presented.

The chancellor then travels to Hangzhou, often called China's "Silicon Valley," to visit the robotics group Unitree and German turbine maker Siemens Energy.

German businesses have given Merz a to-do list on his trip.

"We expect the chancellor to clearly address problems such as overcapacity, distortions of competition, and export controls on critical raw materials," said Wolfgang Niedermark of the Federation of German Industries.

German and European companies in China are not only "competing with highly innovative Chinese firms" but are also players in a "state-driven systemic competition".

Merz should advocate for "structural reforms to strengthen domestic demand and fairer competitive conditions" in China, he said, warning that without change there will be "new trade conflicts with the EU".

T.M.Dan--TFWP