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China, Germany rev up political, economic ties on Xi visit

Published on Mar 29, 2014 3:06 AM
 

BERLIN (AFP) - Export giants Germany and China pledged to deepen their strategic ties Friday during a landmark visit by Chinese President Xi Jinping to Berlin, which also saw the inking of a raft of economic pacts.

Germany's leading car industry took centre-stage on Xi's third stop of a European tour, with auto giant Daimler annoucing a production deal with its Chinese partner worth one billion euros (S$1.7 billion).

The deal with Beijing Automotive Industry Corporation (BAIC Group) would see production capacity expanded at their joint venture Beijing Benz (BBAC) by 2015.

Using a motoring metaphor, Xi said that as long as it had "a full tank" and right steering, German-Chinese cooperation had a "promising future".

 
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