Fox Business

Germany pushes China to help its firms do business

Fox Business


German Economy Minister Sigmar Gabriel urged the Chinese government on Thursday to reduce barriers for German firms wanting to do business there and establish a level playing field.

Accompanied by 60 business executives, Gabriel is on a five-day mission to China to help German firms operating there. He has also pushed for EU-wide rules to block Chinese takeovers of key technologies.

"We don't expect there to be a market that is as open as Germany's overnight," he told reporters, adding that the general trend should be towards establishing equal market conditions for domestic and foreign companies.