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As the first and third largest exporters globally, China and Germany will prove crucial drivers of trade along the Silk Road Economic Belt and the 21st-century Maritime Silk Road. Together these form the Belt and Road Initiative, a landmark shift in the global economic order that will touch over 65 countries across four continents.
Deutsche Bank AG, Germany's largest lender, said on Wednesday that it plans to finance $3 billion worth of projects in partnership with the China Development Bank in the countries and regions taking part in the Belt and Road Initiative.
The German government is set to invest US $86.2m in Zambia’s energy sector for its development. This is after every stakeholder in the Zambian economy agreed on the need to prioritize energy development.
Li Shufu, the billionaire chairman of privately-owned Chinese automaker Zhejiang Geely Holding Group Co. Ltd., has acquired a 9.69% stake in Daimler AG, owner of the Mercedes-Benz brand, becoming the German company's largest single shareholder.