Germany, China Sign $15bn in Deals



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German and Chinese companies signed contracts worth $15bn on Tuesday during a visit to Germany by Chinese Premier Wen Jiabao for talks with German Chancellor Angela Merkel. The two leaders also announced mutual support in the international economic recovery and reforms of the global financial system. The 14 deals, signed after the first round of Germany-China inter-governmental meeting, include China’s order for 62 Airbus A320s from the European aviation company Airbus. Merkel and Wen also pledged to boost trade between the largest European and Asian economies to $284bn by 2015.

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