China needs to do more on market access, Merkel tells Li | Malay Mail

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BERLIN, June 11 — German Chancellor Angela Merkel stressed in a video conference with Chinese Premier Li Keqiang that Beijing needs to take action to open up its market and treat foreign companies fairly, her spokesman said today. German firms want better market access in China and more legal...

German Chancellor Angela Merkel told Li Keqiang that Germany, which takes over the EU’s six-month rotating presidency in July, wants rules-based and free multilateral trade plus a strengthened World Trade Organisation. — Reuters pic

German firms want better market access in China and more legal certainty for investment. They also complain that the government in Beijing distorts competition with high subsidies. “Concluding an ambitious investment agreement between the EU and China is an important element in this process,” Seibert added.

Merkel told Li that Germany, which takes over the EU’s six-month rotating presidency in July, wants rules-based and free multilateral trade plus a strengthened World Trade Organisation, Seibert said.

 

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✊🇩🇪 Like the Daimler purchase, it's evident the Chinese will stripe off technology from Daimler's development for Chinese brand name. MercedesBenz existence is only as good as it's global perceived value. No communist Chinese will ever open the world largest market for Germans

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