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On the Frontlines: Doing Business in China


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Shanghai Daily » China Daily News
China and Merkel do Diplomatic Euro Debt Dance
German Chancellor Angela Merkel is in China, sowing potentially advantageous diplomatic relations in the midst of the EU’s current economic situation. An article from NBC News’ Behind the Wall explains how, in addition to economic relief, Merkel addressed long contentious issues of domestic and international conduct. As the leader of the strongest economy in the European Union, the chancellor has called for more “Europe,” a stronger union as an answer to the Eurozone crisis. And China with its massive $3.2 trillion in foreign currency reserves is seen as a potential source of critical support for any European bailout program. [...]“I will advocate, that if Europe, for example, imposes sanctions (on Iran), that China still uses the influence it has to tell Iran that we do not need, and cannot allow, another power with nuclear weapons,” [Merkel] told the assembly at the Chinese Academy of Social Sciences. The German leader has raised a wide range of issues with the Chinese side, including human rights, intellectual property protection, and improved market access. The ABC piece cites a China Daily article, which discusses the possible intentions of visits by Merkel and her European counterparts: As a Chinese saying goes, one does not visit the temple for nothing. Public... Read more

Tags: china, chinese, diplomatic, merkel
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