Xi Jinping calls for Germany, Europe to ‘remain open to Chinese companies’

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China’s leader also vowed to conclude investment deal with the EU this year during conversation with German chancellor

Angela Merkel said she hoped to ‘put in more efforts’ to reach agreement, and to boost cooperation on trade, new energy vehicles, according to Xinhua

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German Chancellor Angela Merkel and Chinese President Xi Jinping during talks in Beijing last year. Xi told Merkel by phone on Tuesday that Chinese economic development would benefit Germany. Photo: dpa

Stuart Lau

Published: 10:34pm, 24 Nov 2020Updated: 11:48pm, 24 Nov 2020

President Xi Jinping has urged Germany and Europe to “remain open to Chinese companies” and vowed to reach a deal this year giving European businesses greater market access in China.

Xi made the remarks during a phone conversation with German Chancellor Angela Merkel on Tuesday, and as the European Union plans new restrictions on Chinese state-owned giants.

It came hours after EU leaders pledged to rebuild the transatlantic alliance in a phone call with US president-elect Joe Biden.

“We hope that Germany and the European Union will remain open to Chinese companies,” Xi told Merkel, according to China’s state-run news agency Xinhua.

“China and the EU should strive to be mutually respectful and grasp the main themes of dialogue and win-win cooperation,” the president was quoted as saying.

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Chinese fur industry feels impact of Europe’s cull of minks because of coronavirus outbreaks

The EU is at present consulting on ways to beef up trade defence mechanisms against state-owned enterprises and other companies receiving state aid – a move seen as targeting Chinese businesses.