German Chancellor calls for Plaza Accord talks on yuan

19 Mwezi wa sita, 2026

Imeripotiwa na AI

German Chancellor Friedrich Merz said in Brussels on Friday that the yuan is undervalued by 30 percent and criticised China for flooding markets with subsidies.

Merz spoke after a European Council summit in Brussels. He said the yuan was undervalued by 30 percent, above the International Monetary Fund estimate of about 16 percent. He added that subsidising overcapacities and a currency that is not freely convertible is not acceptable.

The chancellor pointed to the Plaza Accords as an example for addressing such issues. His remarks are among his most forceful on Beijing since becoming chancellor last year.

European leaders have voiced concern that cheaper Chinese shipments are widening the trade deficit and endangering local manufacturers.

Makala yanayohusiana

Spanish PM Pedro Sánchez speaks at Tsinghua University in Beijing, urging accurate understanding of China and stronger Europe-China ties.

Spanish PM Sánchez calls for clear-eyed view of China

14 Mwezi wa nne, 2026 Imeripotiwa na AI Picha iliyoundwa na AI

Spanish Prime Minister Pedro Sánchez urged a more accurate understanding of China during a speech at Tsinghua University in Beijing. He met with Chinese President Xi Jinping, stating Spain opposes a 'new Cold War' and decoupling while supporting enhanced Europe-China cooperation. The visit aims to deepen bilateral comprehensive strategic partnership.

China stands ready to import more from Germany and Europe

China's vice-minister of commerce Ling Ji said Thursday that the country is prepared to increase imports from Germany and the rest of Europe, citing complementary economic ties.

French planning chief proposes 30 percent tariffs on Chinese imports

26 Mwezi wa nne, 2026 Imeripotiwa na AI

Clément Beaune, head of France's Planning Council, proposes 30 percent tariffs on all Chinese imports to shield European industry. In a Handelsblatt interview, the close confidant of President Emmanuel Macron warns of a gigantic Chinese industrial threat, hitting Germany hardest amid a fresh energy crisis.

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Coalition ends talks on relief measures and reforms

12 Mwezi wa nne, 2026 Imeripotiwa na AI

Top representatives of Germany's black-red coalition from CDU, CSU and SPD concluded their two-day talks on energy prices and social-tax reforms late Sunday night at Villa Borsig near Berlin. No results were disclosed immediately. It remains unclear if announcements will follow on Monday.

EU heavyweights back industrial accelerator as China shock fears grow

Major EU members offered qualified support for the bloc’s flagship industrial plans on Thursday during the first debate over a proposal that has deepened tensions with China.

Ijumaa, 12. Mwezi wa sita 2026, 02:52:09