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Reading: Germany and China strengthen economic ties
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PhotoNews Pakistan > Business > Germany and China strengthen economic ties
BusinessWorld

Germany and China strengthen economic ties

Web Desk
By Web Desk Published March 29, 2014 1 Min Read
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Economic giants Germany and China pledged to deepen their strategic during a landmark visit to Berlin by Chinese President Xi Jinping,Germany’sauto giant Daimler announcing a production deal with its Chinese partner worth one billion euros ($1.4 billion).The partnership with Beijing Automotive Industry Corporation (BAIC Group) plans to expand production capacity at their joint venture Beijing Benz (BBAC) by 2015.Xi road-tested a few motoring metaphors for the occasion, saying that as long as the two countries’ partnership had “a full tank” and good steering, it would have a “promising future.”

“When driving a car one mustn’t just keep the few metres ahead in view but one must also look into the distance. That’s the only way to guarantee a safe trip,” Xi told a joint press conference with Chancellor Angela Merkel.Germany is China’s biggest EU trading partner, while the Asian giant is a massive market for German machines, technology and cars.

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