China says it is committed to increasing openness after Germany called for "reciprocity" in investment efforts. The statement comes as the German economics minister visits the Asian nation.
The Chinese economy is showing more signs of weakness, with the pace of investment slowing to levels not seen since 1996. Official data revealed that domestic consumption also failed to meet expectations.
China has said it will hold a fresh round of trade talks with the United States in Washington later this month, providing some hope that the current conflict between the world's two largest economies can be defused.
The German government plans to tighten rules on foreign investment in some companies by lowering the threshold at which it can consider blocking such plans. The move comes amid increasing concern about Chinese investors.
During ongoing discussions about reworking the NAFTA free trade pact, Robert Lighthizer has said that he expects a breakthrough in the coming days, though his Mexican counterpart has urged more flexibility for a deal.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version