- But both must improve market access and combat protectionism
- Pledged that Beijing would protect intellectual property rights, which has been a concern for germany and other foreign investors
- Wants to see trade volumes in 2015 of $280 bln.
Last year Germany accounted for about 1/3 of China’s EU trade with the European Union and had a trade suplus with Germany of $190 bln. High quality machinery particularly in the car industry is being exported to China which has a huge appetite for German cars, with China now the largest buyer of German mechanical engineering products.
China in return exports textiles and elctronic goods to Germany.
Comments made by the Chinese PM at the industrial Fair in Hannover
