German Chancellor Olaf Scholz arrived in China on a visit focused on the increasingly tense economic relationship between the sides and differences over Russia’s invasion of Ukraine. Scholz’s first destination was the industrial hub of Chongqing, where he and his delegation of ministers and business leaders were to visit a partially German-funded company and other sites in the vast city. Scholz is also scheduled to visit the financial hub of Shanghai during his three-day visit, before traveling to the capital, Beijing, to meet with Chinese leader Xi Jinping and Premier Li Qiang.
German Chancellor Olaf Scholz is seen in Bucharest, Romania, on April 6, 2024. | Andreea Alexandru/APBEIJING — German Chancellor Olaf Scholz arrived in China on Sunday on a visit focused on the increasingly tense economic relationship between the sides and differences over Russia ’s invasion of Ukraine .
Scholz is also scheduled to visit the financial hub of Shanghai during his three-day visit, before traveling to the capital, Beijing, to meet with Chinese leader Xi Jinping and Premier Li Qiang. Germany’s economy has benefited from China’s demand for investment and manufactured items from cars to chemicals, but those ties have frayed amid increasing competition from Chinese companies and tightened regulations. Political interference has also been blamed for a sharp drop in foreign investment.
Despite that, China remained Germany’s top trading partner for the eighth straight year in 2023, with 254.1 billion euros in goods and services exchanged between the sides, slightly more than what Germany traded with the U.S.
Germany Chancellor Olaf Scholz China Economic Relationship Russia Ukraine Chongqing Shanghai Beijing Xi Jinping Premier Li Qiang
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