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Germany says China must make good on promise to open markets

Reuters  |  BERLIN 

BERLIN (Reuters) - German Economics Minister Brigitte Zypries on Monday forecast big opportunities for German firms to expand trade with China, but urged Beijing to make good on a promise to open its markets and stop insisting that foreign firms create joint ventures.Zypries told leaders of the German Asia-Pacific Business Association that the Asia-Pacific region was important for German companies, and accounted for 16 percent of German trade. German investments in the region accounted for 15 percent of the total, up from around 6 percent in 2005, the minister said.She said Germany backed ...

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First Published: Mon, August 07 2017. 23:34 IST