World Economy

Germany to Bolster China Ties

Germany to Bolster China TiesGermany to Bolster China Ties

German Chancellor Angela Merkel is set to embark on a three-day trip to China in a bid to enhance bilateral trade ties and mutual trust, DW reported. Merkel’s visit–from October 28 to 30–comes at a time of faltering growth in China, with the East Asian country’s economy expanding at 6.9% in the third quarter of this year–it’s slowest pace in over two decades. The increased volatility in Chinese stock markets in recent months and sputtering exports also highlight the weakness afflicting the world’s second-biggest economy. China is Germany’s third most important trading partner, with bilateral trade amounting to over €150 billion ($165.8 billion) in 2014.