Subscribe free to our newsletters via your
. Space Travel News .




SUPERPOWERS
Euro crisis weighs on Merkel's China trip
by Staff Writers
Berlin (AFP) Aug 28, 2012


German Chancellor Angela Merkel this week makes her second trip of the year to China, with the eurozone debt crisis taking centre stage as it begins to drag on the two global economic powers.

Merkel was due to take nine ministers with her and a high-powered business delegation for the visit Thursday and Friday to Beijing and Tianjin which includes talks with Premier Wen Jiabao and a joint cabinet meeting.

And with the near three-year-old eurozone debt crisis showing signs of spreading even as far as China, Beijing increasingly sees Germany and Merkel as key players in tackling the problem, say analysts.

"The euro crisis seems to have led to an increased Chinese focus on Germany in particular," Hans Kundnani from the European Council on Foreign Relations, a think-tank, told AFP.

Chinese officials "see Germany playing an increasingly decisive role in EU decision-making and therefore feel they have little choice but to approach Europe through Germany," he added.

"We have noticed that there is a tendency for her to speak for Europe. China is increasingly looking to her for answers," said the expert.

Europeans have expressed hope that China could deploy some of its huge foreign currency reserves to invest in EU bailout funds, although there is little sign of this happening as yet.

Nevertheless, at an EU-China meeting in Beijing in July, Dai Bingguo, the Chinese co-chair of the talks, pledged that "China is sincere and firm in supporting European efforts to deal with the sovereign debt problem."

"We need to persuade China -- like other investors -- that the funds are safe," a German government source said on Tuesday, noting that Beijing had already taken a write-down on its Greek investments.

Germany and China will also be looking to strengthen their own economic ties, amid signs both are being affected by the eurozone crisis.

In its latest report on China, the International Monetary Fund warned the crisis was the biggest external risk facing the fast-growing economy.

And after initially proving resilient to the crisis, forward-looking indicators suggest Germany, Europe's top economy, is beginning to feel the pain as well.

Germany is China's top trade partner in the EU with nearly half of all European exports to China coming from Germany. Meanwhile, nearly a quarter of all EU imports from China land in Germany.

Bilateral trade between the two powers reached $169 billion in 2011, an 18.9-percent rise on the previous year.

Gu Junli, an expert in Germany at the government-backed Chinese Academy of Social Sciences in Beijing, said the focus would be at least as much on bilateral economic cooperation as on Europe's sovereign debt crisis.

"Germany's technology has a dominant position, but it needs a market and China is a big market," said Gu, citing energy, environmental protection and manufacturing as possible areas of cooperation.

Reports in the German press have raised the possibility that European plane manufacturer Airbus could win a large order from China during the visit.

However, Merkel was also expected to raise non-economic issues with Wen, including Syria, human rights and freedom of the press.

China has joined Russia in repeatedly using their vetoes to scuttle UN Security Council resolutions aimed at tackling the deadly conflict in Syria, putting them at odds with western powers.

And Merkel's spokesman Steffen Seibert told reporters Monday the chancellor would raise the issue of the freedom of the press with Wen amid complaints of a "deteriorating situation" for German journalists in China.

German journalists working in China wrote a letter to Merkel saying authorities in Beijing had been "willfully obstructing" their work by threatening not to renew their visas and intimidating local assistants.

"We just request the same working conditions that Chinese journalists enjoy ... in Germany," the reporters wrote.

A German official confirmed that the topic of human rights would also be on the agenda, amid pressure on Merkel to raise the issue of Tibet.

"Human rights is always on the agenda and this has not changed. There is a very trusting relation between the chancellor and Premier Wen, which means that topics like this can be discussed," the official said.

"That does not mean that this will be discussed in detail publicly afterwards," added the official, who requested anonymity.

.


Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SUPERPOWERS
Clinton to press on China disputes in Asia tour
Washington (AFP) Aug 28, 2012
US Secretary of State Hillary Clinton will warn against the use of force between China and its neighbors on a tour of Asia that comes amid mounting tension over sea disputes, officials said Tuesday. On her third visit to Asia since May, Clinton will become the first US secretary of state to take part in a summit of Pacific islands - an area where China's influence has been growing - and to ... read more


SUPERPOWERS
NASA Administrator Announces New Commercial Crew And Cargo Milestones

Ariane 5s are on the move for Arianespace's upcoming missions

Readying the "boost" for Galileo satellites on Arianespace's next Soyuz mission at the Space

ASTRA 2F touches down in French Guiana for Arianespace's next Ariane 5 dual-passenger mission

SUPERPOWERS
NASA likens Mars rover to Armstrong lunar landmark

Chemcam Laser First Analyzes Yield Beautiful Results

NASA's Mars rover makes first test drive

First Words of Safe Landing on Mars - Tango Delta Nominal

SUPERPOWERS
Apollo 11 capsule stirs Neil Armstrong memories, tributes

Signing out: Armstrong autographs under hammer

Tributes pour in for 'man on the moon' Armstrong

Neil Armstrong: First man on the moon

SUPERPOWERS
e2v To Supply Large CMOS Imaging Sensors For Imaging Kuiper Belt Objects

Fly New Horizons through the Kuiper Belt

Hubble Discovers a Fifth Moon Orbiting Pluto

Hubble telescope spots fifth moon near Pluto

SUPERPOWERS
Search for alien life gets boost at twin star

First Evidence Discovered of Planet's Destruction by Its Star

Exoplanet hosting stars give further insights on planet formation

Five Potential Habitable Exoplanets Now

SUPERPOWERS
Super-heavy carrier rocket could be created jointly with Ukraine, Kazakhstan

XCOR Aerospace to Establish Operations and Manufacturing Base in Florida

NASA Picks Revolutionary Space Tech Proposals For Development

NASA Selects Green Propellant Technology Demonstration Mission

SUPERPOWERS
China eyes next lunar landing as US scales back

China unveils ambitious space projects

Is China Going to Blast Past America in Space?

Hong Kong people share joy of China's manned space program

SUPERPOWERS
Dawn Engineers Assess Reaction Wheel

Dawn Completes Intensive Phase Of Vesta Exploration

Planetary Resources Announces Agreement with Virgin Galactic for Payload Services

Explained: Near-miss asteroids




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement