The agreements were signed at the end of a two day visit by German Finance Minister Olaf Scholz to Beijing for talks with Vice Premier Liu He, China’s top economic official.
China and Germany Friday signed a series of agreements to strengthen cooperation in banking and financial sector supervision, as Beijing moves to open up the country’s financial markets.
The agreements were signed at the end of a two day visit by German Finance Minister Olaf Scholz to Beijing for talks with Vice Premier Liu He, China’s top economic official.
“German insurers and banks will now have easier access to the Chinese market,” said Scholz at the conclusion of the talks. “This is an important step that we have been waiting for a long time.”
But Scholz also urged equal treatment for foreign companies operating in China – a long-running complaint from the European Union and a central issue in Beijing’s trade war with the United States.
