Subscribe free to our newsletters via your
. Space Industry and Business News .




TRADE WARS
Germany's Merkel due in China for eurozone talks
by Staff Writers
Beijing (AFP) Aug 30, 2012


German leader Angela Merkel was due to hold top-level talks Thursday on her second visit to China this year, with Europe's debt crisis taking centre stage as it begins to drag on the two global powers.

Leading several ministers and a high-powered business delegation, Merkel will meet Premier Wen Jiabao in Beijing during the two-day trip and travel to an assembly plant of European planemaker Airbus in nearby Tianjin city.

With the near three-year-old eurozone debt crisis showing signs of spreading to China, the world's second largest economy, Beijing views Germany as a key player in tackling the problem.

"China and Germany, both as major economies and... manufacturing and exporting giants, have been working together to address the crisis," China's Vice Foreign Minister Song Tao wrote in the state-run China Daily newspaper.

"This bilateral relationship... has gone beyond a bilateral scope and acquired global significance."

Europeans have expressed hope that China could deploy some of its foreign exchange reserves -- the world's largest -- to invest in European Union (EU) bailout funds, although there is little sign of this happening yet.

Germany and China will also be looking to bolster bilateral economic ties, amid signs both are being hit by the eurozone crisis, with German media reports saying Airbus could win a large Chinese order during the visit.

Germany is China's top trade partner in the EU with nearly half of all European exports to China coming from Germany. Meanwhile, nearly a quarter of all EU imports from China land in Germany.

Bilateral trade between the two powers reached $169 billion in 2011, an 18.9-percent rise on the previous year.

"Germany is an export-oriented economy, while China has the largest market in the world," Song said, adding the two nations could cooperate on emerging industries, infrastructure and renewable energy, among other areas.

Chancellor Merkel was also expected to raise non-economic issues with Wen, including sensitive topics like the Syrian crisis and human rights and press freedom in China.

China has joined Russia in repeatedly using their vetoes to scuttle UN Security Council resolutions aimed at tackling the deadly conflict in Syria, putting them at odds with western powers.

Merkel is likely to raise the issue of the freedom of the press with Wen amid complaints of a "deteriorating situation" for German journalists in China.

Before this visit, German journalists working in China wrote a letter to Merkel saying authorities in Beijing had been "willfully obstructing" their work by threatening not to renew their visas and intimidating local assistants.

A German official confirmed that the topic of human rights would also be on the agenda, amid pressure on Merkel to raise the issue of Tibet.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
Australia's resource boom on last leg?
Melbourne (UPI) Aug 27, 2012
Australia's mining boom is far from over, a government official said. "The truth of the matter is, according to private forecasters, we're not even halfway through the mining investment boom, let alone the production boom," Federal Trade Minister Craig Emerson told the Australian Broadcasting Corp. "We've got a lot of projects still to be formally commenced but the investment is ... read more


TRADE WARS
Modern lives in US are multi-screen: Google

Weighing molecules one at a time

Brazil bids to become world's third IT market by 2022

The Laser Beam as a "3D Painter"

TRADE WARS
Lockheed Martin Wins Role on Defense Information Systems Agency Program

Raytheon unveils cross domain strategy to securely access information via mobile devices

NATO Special Forces Taps Mutualink for Global Cross Coalition Communications

Northrop Grumman Demonstrates Integrated Receiver Circuit Under DARPA Program

TRADE WARS
NASA Administrator Announces New Commercial Crew And Cargo Milestones

Ariane 5s are on the move for Arianespace's upcoming missions

Readying the "boost" for Galileo satellites on Arianespace's next Soyuz mission at the Space

ASTRA 2F touches down in French Guiana for Arianespace's next Ariane 5 dual-passenger mission

TRADE WARS
Robbers nabbed thanks to GPS phone in loot

Fourth Galileo satellite reaches French Guiana launch site

A GPS in Your DNA

Next Galileo satellite reaches French Guiana launch site

TRADE WARS
Threat forces Air China flight back to Beijing

Boeing Celebrates Delivery of First Aeroloft Installed on a BBJ 747-8

China flag carrier reports 77% slump in profit

Swiss fighter jet purchase details agreed despite criticism

TRADE WARS
Electronic Nose Prototype Developed

Merging the biological and the electronic

Addressing the need for microscopic speed

Samsung to invest 779 mn euros in Dutch chipmaker ASML

TRADE WARS
Landsat Data Continuity Mission Environmental Testing is Underway

Expert Analysis of Energy Infrastructure Using HiRes Satellite Imagery

Vecmap tracks the Asian bush mosquito

NASA Selects Combined Data Services Contract For Polar Satellites

TRADE WARS
Wind concentrates pollutants with unexpected order in an urban environment

China wrestles with acid rain threat

Earthworms soak up heavy metal

Italians protest against pollution from steelworks




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement