Germany’s chief and prime CEOs are flying into Beijing. They want China greater than ever

Germany's leader and top CEOs are flying into Beijing. They need China more than ever


Hong Kong/London
CNN Business

German Chancellor Olaf Scholz will arrive in China on Friday with a team of top executives and a clear message: business with the world’s second largest economy must continue.

In a whirlwind one-day visit, Scholz is expected to meet with Chinese leader Xi Jinping and Premier Li Keqiang in Beijing.

Joining Scholz is a delegation of 12 German industry titans, including the CEOs of Volkswagen

(VLKAF), Deutsche Bank

(DB), Siemens

(SIEGY) and chemicals giant BASF

(BASFY), according to a person familiar with the matter. They are set to meet with Chinese companies behind closed doors.

The visit — the first by a G7 leader to China in roughly three years — comes as Germany slides towards recession. But it has fired up concerns that…