Zürcher Nachrichten - Germany's Merz meets Xi in China, seeking closer ties

EUR -
AED 4.325621
AFN 74.203962
ALL 96.278127
AMD 444.108328
ANG 2.108021
AOA 1080.081053
ARS 1625.127738
AUD 1.662609
AWG 2.121588
AZN 2.000206
BAM 1.955837
BBD 2.372644
BDT 143.9627
BGN 1.940667
BHD 0.444067
BIF 3494.061693
BMD 1.177842
BND 1.492484
BOB 8.140153
BRL 6.038205
BSD 1.178072
BTN 107.053007
BWP 15.545698
BYN 3.37692
BYR 23085.704901
BZD 2.369254
CAD 1.613467
CDF 2508.804009
CHF 0.912963
CLF 0.025719
CLP 1015.547634
CNY 8.108381
CNH 8.086074
COP 4371.914258
CRC 558.593876
CUC 1.177842
CUP 31.212815
CVE 110.267068
CZK 24.213312
DJF 209.775029
DKK 7.470952
DOP 71.839212
DZD 153.023435
EGP 56.451139
ERN 17.667631
ETB 182.586373
FJD 2.591016
FKP 0.870532
GBP 0.872133
GEL 3.144718
GGP 0.870532
GHS 12.694238
GIP 0.870532
GMD 85.982724
GNF 10331.886727
GTQ 9.038169
GYD 246.474622
HKD 9.211467
HNL 31.166658
HRK 7.537362
HTG 154.598305
HUF 376.002587
IDR 19800.762213
ILS 3.652011
IMP 0.870532
INR 107.092288
IQD 1543.32894
IRR 1525486.890327
ISK 143.897217
JEP 0.870532
JMD 184.078763
JOD 0.835094
JPY 184.594361
KES 151.882805
KGS 103.002464
KHR 4725.948187
KMF 492.337431
KPW 1060.030488
KRW 1684.484976
KWD 0.361338
KYD 0.981698
KZT 587.868546
LAK 25227.937603
LBP 105545.791976
LKR 364.490646
LRD 216.174054
LSL 18.842453
LTL 3.477862
LVL 0.712465
LYD 7.457823
MAD 10.812603
MDL 20.156608
MGA 5029.880799
MKD 61.668146
MMK 2473.166636
MNT 4204.552819
MOP 9.492478
MRU 46.992485
MUR 54.640276
MVR 18.197365
MWK 2042.777604
MXN 20.217736
MYR 4.582931
MZN 75.844397
NAD 18.842453
NGN 1592.466407
NIO 43.349525
NOK 11.305388
NPR 171.280849
NZD 1.974075
OMR 0.45286
PAB 1.178122
PEN 3.957174
PGK 5.066944
PHP 67.854348
PKR 329.320994
PLN 4.222529
PYG 7601.819847
QAR 4.28218
RON 5.09511
RSD 117.417948
RUB 90.221898
RWF 1721.18113
SAR 4.41847
SBD 9.475955
SCR 16.347136
SDG 708.466835
SEK 10.67622
SGD 1.490777
SHP 0.883687
SLE 28.854209
SLL 24698.758874
SOS 672.095485
SRD 44.527728
STD 24378.953143
STN 24.499731
SVC 10.308193
SYP 130.754028
SZL 18.849633
THB 36.632656
TJS 11.162309
TMT 4.134226
TND 3.419664
TOP 2.835961
TRY 51.671726
TTD 7.996014
TWD 36.915914
TZS 3017.015424
UAH 50.953092
UGX 4221.079153
USD 1.177842
UYU 45.620855
UZS 14415.270314
VES 479.22808
VND 30744.034149
VUV 139.412415
WST 3.198018
XAF 655.949809
XAG 0.013015
XAU 0.000227
XCD 3.183177
XCG 2.12324
XDR 0.815781
XOF 655.941455
XPF 119.331742
YER 280.88592
ZAR 18.738231
ZMK 10601.993596
ZMW 22.176569
ZWL 379.264671
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    0.0000

    23.88

    0%

  • CMSD

    -0.0500

    23.68

    -0.21%

  • AZN

    1.6700

    206.61

    +0.81%

  • GSK

    -0.1400

    59.12

    -0.24%

  • NGG

    0.9400

    92.38

    +1.02%

  • JRI

    0.0500

    13.17

    +0.38%

  • BCC

    6.1200

    86.66

    +7.06%

  • BCE

    -0.0400

    26.03

    -0.15%

  • RIO

    0.4400

    98.11

    +0.45%

  • RELX

    0.7200

    31.22

    +2.31%

  • RYCEF

    -0.3500

    17.74

    -1.97%

  • VOD

    0.1400

    15.7

    +0.89%

  • BTI

    -0.1900

    61.91

    -0.31%

  • BP

    -0.1100

    38.3

    -0.29%

Germany's Merz meets Xi in China, seeking closer ties
Germany's Merz meets Xi in China, seeking closer ties / Photo: Michael Kappeler - POOL/AFP

Germany's Merz meets Xi in China, seeking closer ties

German Chancellor Friedrich Merz met with Chinese leader Xi Jinping in Beijing on Wednesday, hoping to bolster ties with his country's largest trade partner and 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 when US President Donald Trump has sparked global chaos with his tariffs blitz and other erratic foreign policy moves.

China, the world's number two economy, overtook the United States last year to become Germany's biggest trade partner, but Berlin also regards the Communist Party-run state as a systemic rival to the West.

The two leaders reaffirmed their commitment to developing closer strategic relations, with Merz saying he saw the trip as a "great opportunity" to boost economic ties.

Xi, in turn, told Merz he was willing to take their ties to "new levels", stressing that he "always attached great importance to Sino-German relations".

Merz also noted that he wished for joint consultations between their two governments, which had been interrupted by a change in Germany's government and the pandemic, to resume "very soon".

But he is also expected to stress German and European interests during his talks with Xi, and urge him to put pressure on China's ally Russia to end the war in Ukraine.

Merz is the latest in a string of Western leaders courting Beijing in recent months, including Britain's Keir Starmer, France's Emmanuel Macron and Canada's Mark Carney, as they recoil from the mercurial policies of Trump, who is also expected from March 31.

- Large business delegation -

Export-dependent Germany needs "economic relations all over the world", Merz said before leaving for Beijing with a large business delegation in tow.

"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".

Merz earlier met with Premier Li Qiang in Beijing's opulent Great Hall of the People, where he called for "fair" cooperation, and representatives from both sides signed agreements and memorandums -- including on climate change and food security.

In an apparent allusion to the United States, Li noted that "unilateralism and protectionism have gained ground and even become prevalent in some countries and regions".

"Against such a backdrop, China and Germany, as two major economies in the world with significant influence, should... jointly safeguard multilateralism and free trade," Li said.

China under Xi has grown far more assertive on the world stage, built up its military, stressed its claim to self-ruled 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.

- '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.

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

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

The chancellor then travels to AI hub Hangzhou 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".

W.F.Portman--NZN