A German political and business delegation, headed by Vice Chancellor Sigmar Gabriel, landed in Beijing Tuesday morning, hours after Chinese officials summoned a senior German embassy official to discuss Berlin’s recent decision to halt the takeover of a German chip maker by a Chinese fund on security grounds. Source: WSJ
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The increasingly rapid adoption of industrial robots on Chinese production lines is set to hasten the fall in manufacturing employment. Among companies that intend to purchase robots in the coming 12 months, 72.7% said this would mean job losses, according to a Financial Time. Source: CHina Economic Review
China for the first time became Germany’s most important trading partner in 2016, overtaking the United States, which fell back to third place behind France, data showed on Friday. The development is likely to be welcomed by the German government. Source: Reuters