Sino, Germany deal on economy, energy

CHINA: China and Germany signed ten cooperation agreements in Beijing Friday ranging from economy to the establishment of joint venture on truck and lorry production.

Chinese Premier Wen Jiabao and visiting German Chancellor Angela Merkel witnessed the signing ceremony.

The agreements include a financial cooperation agreement which involves 124 million euros of green fund to encourage emission reduction and energy saving of enterprises.

The two sides signed a joint declaration on the establishment of environmental partnership, covering water resource protection, equipment safety and evaluation, energy saving, renewable energy, electric mobile production, technology contacts and cooperation.

To boost green energy cooperation, both sides signed an MOU on the establishment of Sino-German eco parks. It involves bilateral cooperation to promote energy economy in national zones of development, sustainable industrial production and energy efficiency, according to the German Foreign Ministry.

BEIJING, Friday, Xinhua