Merkel and Li signed a total of 11 agreements to expand cooperation in areas such as aviation, automotive, clean energy and finance.
Deutsche Post subsidiary StreetScooter and automobile manufacturer Chery agreed during the visit to begin a local production of electric vehicles. The insurance company Allianz pledged to strengthen cooperation with the Bank of China. The list goes on. Such deals illustrate the importance of China as a trading partner to Germany (and vice versa). China is Germany’s most important trading partner looking at a trade volume of almost €200 billion last year.