CHENGDU, China (Nov 3): German Economy Minister Sigmar Gabriel urged the Chinese government on Thursday to reduce barriers for German firms wanting to do business there and establish a level playing field. Accompanied by 60 business executives, Gabriel is on a five-day mission to China to help German firms operating there. Gabriel said he hoped trade ties could be extended and welcomed the benefits of Chinese investment in German firms, saying it invigorated the corporate sector. Germany was open to Chinese investment, apart from a few strategic areas, such as security and energy, he said. German officials said the cancellation from the Chinese side was due to a diary problem and Gabriel met a different representative instead.

Source: The Edge Markets November 03, 2016 14:05 UTC