Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict !

Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict

Time:2024-05-21 18:31:39 source:Cosmic Chronicle news portal

BEIJING (AP) — German Chancellor Olaf Scholz arrived in China on Sunday on a visit focused on the increasingly tense economic relationship between the sides and differences over Russia’s invasion of Ukraine.

Scholz’s first destination was the industrial hub of Chongqing, where he and his delegation of ministers and business leaders were to visit a partially German-funded company and other sites in the vast city, which is a production base for China’s auto and other industries.

Scholz is also scheduled to visit the financial hub of Shanghai during his three-day visit, before traveling to the capital, Beijing, to meet with Chinese leader Xi Jinping and Premier Li Qiang.

German companies such as BMW and Volkswagen are highly reliant on the Chinese market, even as Beijing’s support for Russia creates frictions with the West.

Germany’s economy has benefited from China’s demand for investment and manufactured items from cars to chemicals, but those ties have frayed amid increasing competition from Chinese companies and tightened regulations. Political interference has also been blamed for a sharp drop in foreign investment.

Related information
  • Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
  • Various Folk Cultural Activities Held to Welcome Upcoming Lantern Festival in China
  • Chinese Scenic Spots Welcome Tourists with Festive Activities During Spring Festival Holiday
  • Asia's Leading Flower Market Cashes in on 'She Economy'
  • Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
  • China Names Demonstration Cities for Childcare Services
  • Diversified Markets Heat up China's Nighttime Economy
  • Blossoms of Chinese Flowering Crabapple Boost Tourism in N China's Tianjin
Recommended content
  • Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
  • Various Activities Held to Celebrate 'Pohui' Festival in S China's Guangxi
  • Hanfu Lovers Gather in Xixi Wetland in Hangzhou to Celebrate Coming of Spring
  • Tourists Take Part in Lantern Parade to Celebrate Chinese New Year in E China's Anhui
  • Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
  • Tourists Take Part in Lantern Parade to Celebrate Chinese New Year in E China's Anhui