German chancellor Angela Merkel said on Wednesday that she was prepared for “difficult negotiations” at this week’s G20 summit in Hamburg, where she is struggling to hold the group together in the face of conflicts between European states and US President Donald Trump over trade and climate change.
But she and Chinese president Xi Jinping, who was visiting Berlin in advance of the G20, took the opportunity to signal that international economic cooperation would continue – even if Mr Trump stood on the sidelines.
Under agreements approved by the two leaders, Germany and China will jointly build a hydropower station in Angola, and Siemens, the German electronics group, is to cooperate with Chinese counterparts in digitalisation and aerospace. Meanwhile, Berlin Zoo has taken custody of two Chinese pandas, which the two leaders were later due to visit in their new home.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.