April 26, 2017 / 2:00 PM / 7 months ago

Germany urges China to open its markets step by step

BERLIN (Reuters) - Germany expects China to gradually open up its markets to foreign companies, Foreign Minister Sigmar Gabriel said on Wednesday in Berlin where he hosted his Chinese counterpart.

German Foreign Minister Sigmar Gabriel and Chancellor Angela Merkel attend the weekly cabinet meeting at the Chancellery in Berlin, Germany, April 26, 2017. REUTERS/Hannibal Hanschke

“I have assertively said that for us Germans and Europeans it is clear that China must open its markets step by step and that we do not expect that China will become an open economy just like the German economy from one day to another,” Gabriel said.

Chinese Foreign Minister Wang Yi said China would open up further to create a more friendly corporate environment for foreign investors.

Reporting by Sabine Siebold; Writing by Joseph Nasr; Editing by Madeline Chambers

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