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China, Germany sign procurement deals worth around €11 bln

  A Chinese business delegation, led by Commerce Minister Chen Deming, signed here on Wednesday a total of 37 procurement deals worth around €11 billion ($14 billion) with German companies.

According to Chen, the 37 deals are composed of two parts -- purchasing contracts, and cooperation agreements which need further negotiations.

The deals focus on engineering equipment, electronics and auto vehicles like Mercedes and BMW, Chen told a press conference. (Xinhua)