New York Times: “As Prime Minister Wen Jiabao of China tours Europe this week, it is no accident that Germany occupies a special place on his itinerary. After all, Germany is the one European Union country that has a trade surplus with China. And it has also been a focus of Chinese investment in Europe — so much so that analysts say some Germans are growing wary as Chinese businesses have been snapping up German engineering companies.
Mr. Wen, making his sixth visit in eight years, and the German chancellor, Angela Merkel, on Sunday opened the annual trade fair in Hanover, billed as the world’s leading showcase for industrial technology. They plan to witness the signing of an economic agreement at the Volkswagen headquarters, in Wolfsburg, on Monday. According to German media reports, the deal will include the opening of a new car plant in the far western Chinese region of Xinjiang.
Mr. Wen’s agenda, as with a follow-up trip planned by his likely successor, Vice Prime Minister Li Keqiang, seems aimed at presenting an aura of business as usual, even as trade tensions flare with the West and the Communist Party at home is embroiled in its biggest scandal in years, involving the deposed Politburo member Bo Xilai.”
Two birds with one stone: Collaboration with Germany & VW; and opening up a major auto plant in Xinjiang, one of the two provinces with significant unrest (the other, of course, is Tibet).
- China Does Not Want To ‘Buy’ Europe (myfoxdc.com)