Merkel’s China visit: 13 deals signed concerning finance,aviation

German Chancellor Angela Merkel has kicked off an official visit to China.

This is Merkel’s eighth trip to China since she became Chancellor in 2005.

Her visit is widely seen as another attempt to further boost Germany’s ties with China.

13 cooperation agreements were signed, including a deal for China to buy 130 aircraft from Airbus.

The planes have a list price of 17 billion U.S. dollars, making the deal one of the largest orders China has ever placed with the European aviation giant.

Moreover, Chinese and German exchanges agreed to launch a center for the trading and pricing of off-shore yuan-denominated assets, promoting use of the Chinese currency in the European financial market.

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