Chinese Chairman Hua Guofeng, midway through his busy West European tour, began on Thursday (25 October) to inspect some giant West German industries.
Chinese Chairman Hua Guofeng, midway through his busy West European tour, began on Thursday (25 October) to inspect some giant West German industries. On Wednesday (24 October) in Bonn, China and West Germany signed two major agreements to intensify their cultural and economic co-operation.
SYNOPSIS: The agreements were signed by the Foreign Ministers of the two countries - West German Hans Dietrich Genscher and Chinese Minister Huang Hua. The signing followed ten hours of private talks between Chairman Hua and Chancellor Schmidt.
The agreements set out a six-year framework for the development of bilateral trade. It provides the basis for an exchange of patents, licences and know-how for joint ventures, and collaboration on industrial projects.
The agreements were then celebrated with champagne ... The treaty also provided for the "most favourable" possible financing terms in trade between the two countries.
At a news conference following the formalities, Chancellor Schmidt said that these treaties create the framework for the growth of their relations. He said that his country was interested in a strong and independent China. He believed the talks had achieved a notable degree of agreement and had been largely successful. The agreements also specifically mention the possibility of joint work in exploiting raw materials - an area particularly interesting to West Germany, considering China's large reserves of oil, coal and non-ferrous metals. Mr. Schmidt said that West Germany could export more capital goods for China's growing industry while importing raw materials and other goods from China.
As a parting gift, Chairman Hua announced China was sending two Panda bears to West Germany. He hoped they would being joy to the West German people. He said that the talks had achieved a broad measure of consensus. When questioned about the likely direction of Soviet policy, when Soviet President Leonid Brezhnev leaves the political stage, Mr. Hua replied that he cannot judge whether Mr. Brezhnev will retire, but he did not expect Soviet policy to change.