FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GERMANY: CHINA-Xi & Scholz To Meet On G20 Sidelines

GERMANY
EM BulletHomepagemarkets-real-timeAPACPolitical Risk BulletCEEMEAEurozoneGermanyGlobalEmerging Market NewsChinaBulletMarketsFixed Income BulletsForeign Exchange BulletsRegion

(MNI) London - German gov't officials have confirmed that Chancellor Olaf Scholz will hold a bilateral meeting with Chinese President Xi Jinping on the sidelines of the G20 summit, taking place in Rio de Janeiro, Brazil next week. The gov't official says that in the 19 Nov meeting, the two leaders will discuss the war in Ukraine and 'economic issues'.

  • Relations between China and the EU have been strained in recent weeks following the imposition of higher tariffs on Chinese-made electric vehicles entering the Union. However, Germany was one of the few nations that voted against the imposition of tariffs. After the imposition of the duties, Reuters reported that the Chinese gov't had instructed carmakers to pause investment in those nations that voted for tariffs, while favouring those that opposed them.
  • Germany's close economic ties to China have long seen it sit as a voice in the EU that, if not overtly pro-Beijing like Hungary, then is at least anti-tariff.
  • As such there will be focus in Beijing on outcome of the upcoming German federal election, likely to be held on 23 Feb. The centre-right Christian Democratic Union (CDU) are favourites to take on the chancellery.
  • Reuters reported in 2023 that CDU leader Friedrich Merz has "called for Berlin to involve key allies in negotiations with China as part of a rethink of ties with Beijing that reflected a global "paradigm shift" in security and foreign policy," indicating a potentially more hawkish policy shift from Berlin. 
245 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

(MNI) London - German gov't officials have confirmed that Chancellor Olaf Scholz will hold a bilateral meeting with Chinese President Xi Jinping on the sidelines of the G20 summit, taking place in Rio de Janeiro, Brazil next week. The gov't official says that in the 19 Nov meeting, the two leaders will discuss the war in Ukraine and 'economic issues'.

  • Relations between China and the EU have been strained in recent weeks following the imposition of higher tariffs on Chinese-made electric vehicles entering the Union. However, Germany was one of the few nations that voted against the imposition of tariffs. After the imposition of the duties, Reuters reported that the Chinese gov't had instructed carmakers to pause investment in those nations that voted for tariffs, while favouring those that opposed them.
  • Germany's close economic ties to China have long seen it sit as a voice in the EU that, if not overtly pro-Beijing like Hungary, then is at least anti-tariff.
  • As such there will be focus in Beijing on outcome of the upcoming German federal election, likely to be held on 23 Feb. The centre-right Christian Democratic Union (CDU) are favourites to take on the chancellery.
  • Reuters reported in 2023 that CDU leader Friedrich Merz has "called for Berlin to involve key allies in negotiations with China as part of a rethink of ties with Beijing that reflected a global "paradigm shift" in security and foreign policy," indicating a potentially more hawkish policy shift from Berlin.