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China, Germany agree to speed up talks on China-EU investment agreement

06 June 2017

"Fighting climate change is a global consensus, it's not invented by China. and we realise that this is a global consensus agreement and that as a big developing nation we should shoulder our worldwide responsibility", he said.

Shi said there are 8,000 German companies operating in China with a total investment volume of more than €60 billion ($67 billion), while almost 2,000 Chinese enterprises are operating in Germany.

Other European leaders were more explicit in expressing their fears that the US government may abandon global measures against climate change.

Russian Federation joined the chorus, saying that the deal will be less effective without its key participants.

China, long recognized as the world's dominant trading power, now hopes that by showing leadership on the fight against climate change it can translate its economic might into yet greater political influence.

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While he did not mention the United States or Donald Trump, Mr Li's comments were clearly addressed to Washington.

British Foreign Secretary Boris Johnson said Britain would continue to press the reduce unsafe emissions even if Trump pulls out.

IN the face of US President Donald Trump's decision to pull out of the Paris climate change pact, China and Europe at a summit in Brussels renewed their pledges Friday to the Paris accord to save the Mother Earth.

"President (Vladimir) Putin signed this convention in Paris".

As reported by Deutsche Welle (DW), Germany's worldwide broadcaster, Merkel has in recent days suggested that German-US ties were on less stable ground, having vented her frustration at Trump following last week's G7 talks in Sicily, which she described as "very unsatisfying".

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Without mentioning the USA specifically, he said China has been "actively promoting the Paris agreement and we were one of the first countries to ratify the Paris agreement".

The joint statement, which will be the first between the China and the European Union, commits to cutting back on fossil fuels, developing more "green" technology and helping raise US$100 billion a year by 2020 to help poorer nations cut emissions, Reuters said.

At the meeting, the EU and China will seek to create momentum for a bilateral investment agreement, according to a European official with knowledge of the discussions who asked not to be named because talks are ongoing.

Li stressed that it was in China's own interest to stick to the climate deal.

However, thorny issues remain between the two exporting nations, with Merkel insisting that China opens up its markets and that German firms operating there should have a level playing field.

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