Daimler, VW to sign China deals worth $5b
Updated: 2011-01-07 10:39
Daimler confirmed it would sign contracts with the Chinese government on Friday but declined to make any further comment. No one at Volkswagen was available for comment.
Li, who is on a three-country European tour, said on Wednesday China wants to develop the untapped purchasing power of its domestic consumers and hopes Berlin will support the expansion of Chinese companies in Germany.
Li is due to meet with Chancellor Angela Merkel when they are expected to discuss expanding bilateral trade valued at roughly $140 billion last year, or nearly 30 percent of China's commerce with the EU.
A newspaper report on Thursday also said China was ready to buy around 6 billion euros of Spanish debt.
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The State Council launched a new round of measures to rein in property prices.