To speed up the cooperation, China and Germany inked 13 agreements in Beijing,China.President Li Keqiang bestowed a royal welcome to Angela Merkel(Germany Chancellor). Merkel kicked off her eighth visit to China since she first took office in2005.
2015 has been addressed the Year of China-Germany Innovation Cooperation. Both parties will target creating new evolution in investment, financial cooperation and technology.
key areas of accords:
- China(leading market in aviation) signed a USD 17 billion pact with European aerospace conglomerate Airbus to buy 130 aircraft.
- China Aviation Supplies Holding Group and Airbus witnessed the big deal to hold 30 wide-body A330 planes and 100 single-aisle A320 aircraft.
- To try to coordinate their economic strategies likewise as China is on the lookout for same programs to assimilate regular industry and information technology.
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