Angela Merkel urges China on transparent, reliable investmen
GERMAN Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang sought to limit conflict over trade during talks overshadowed by angst in Germany about a Chinese company's EUR4.6 billion (US$5.2 billion) bid for robot maker Kuka AG.
"We don't want a trade war," Mr Li said after the two leaders presided over the signing of business deals valued at EUR2.7 billion, including agreements between Daimler and BAIC Motor Corporation, as well as Airbus Group SE's German helicopter unit and China Aviation Supplies Holding Co, Bloomberg reported.
The Chancellor, who was on a three-day visit to China, pressed for transparent and reliable rules for foreign investors, while assuring Mr Li that the European Union is "working on a solution" for China's demand to be granted so-called market economy status. "I don't think it's good to make this whole thing too emotional," she said at a joint news conference.
The bid by Midea, China's biggest maker of home appliances, for Kuka, a supplier of industrial robots, is exposing concern in Berlin about the longer-term intentions of state-backed Chinese investors. Kuka, based in the Bavarian city of Augsburg, supplies automation equipment to companies such as Airbus, Volkswagen and Fiat Chrysler.
While Germany wants to avoid a trade war with China, the episode is a wakeup call that adds weight to the Chancellor's demands for China to level the playing field for foreign investors or risk investment restrictions in Europe, according to a person familiar with the matter, who asked not to be identified discussing private talks.
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