China, Germany in auto, aircraft deals as Merkel visits
Published on Jul 7, 2014 5:55 PM
BEIJING (AFP) - China and Germany signed a string of trade and investment deals on Monday during a visit by Chancellor Angela Merkel, including two new Volkswagen factories and the sale of 123 Airbus helicopters.
The two countries are both exporting giants - with Germany the EU's biggest economy and China the world's second-largest - and Merkel was looking to strengthen their economic relationship on her three-day visit, her seventh since coming into power in 2005.
She was accompanied by executives from Siemens, Airbus, Lufthansa and Deutsche Bank among other companies, according to German media.
Merkel and Chinese Premier Li Keqiang oversaw the signing of a series of agreements on Monday.
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