Friedrich Merz, leader of Germany's conservative Christian Democratic Union (CDU), was elected as Chancellor on Tuesday, marking a significant shift in Germany's political landscape since 2021.
Merz secured 325 votes in the Bundestag, the country's lower house of parliament, surpassing the required 316-seat majority. In the initial round of voting earlier in the day, he received 310 votes, becoming the first chancellor candidate since World War II to fail to win election in the first round.
The arrival of the new government signals a new phase of transformation in Germany's domestic and foreign policies.
Following the unsuccessful first vote, Bundestag President Julia Kloeckner suspended the plenary session. Parliamentary groups of political parties then held several hours of negotiations before proceeding to a second round of voting.
After the final result, Merz was formally appointed by President Frank-Walter Steinmeier during a ceremony at Schloss Bellevue, the official residence of the Federal President.
As federal chancellor, Merz will head a new coalition government formed by the Union bloc (CDU/CSU) and the Social Democratic Party (SPD). The new cabinet members took their oaths of office at the end of the Bundestag session, and the government is expected to hold its first cabinet meeting on Tuesday evening.
Friedrich Merz sworn in as Germany's new chancellor
Seven of the eight major categories of commodities and services that make up China's consumer price index (CPI) have risen in March, said an analyst after the country's National Bureau of Statistics (NBS) released the latest data on Friday.
The latest data showed China's CPI, a main gauge of inflation, rose 1 percent year on year in March, and the core CPI, which excludes food and energy prices, increased 1.1 percent year on year.
Among them, prices of industrial consumer goods grew by 2.2 percent, an increase of 1.1 percentage points from the previous month, contributing about 0.67 percentage points to the year-on-year CPI increase.
Specifically, the prices of gold jewelry, household appliances and clothing all went up, while gasoline prices turned from a decline to a rise.
"Of the eight major categories of commodities and services that make up the CPI, seven recorded price increases and one saw a decline, namely the residential category. Specifically, driven by strong seasonal demand, a rise in clothing prices pushed up the overall price of the apparel category year on year. The price of the transportation and communication category shifted from a decline to a year-on-year increase. Meanwhile, boosted by growing resident travel demand, prices for travel agency services also rose year on year," said He Xiaoying, deputy director at the analysis and forecasting division of the price monitoring center under the National Development and Reform Commission.
Friday's data also showed that the producer price index (PPI), which measures costs for goods at the factory gate, returned to year-on-year growth in March, ending a 41-month streak of decline.
The PPI rose 0.5 percent year on year in March, reversing a 0.9 percent drop in February, according to the NBS.
NBS statistician Dong Lijuan attributed the turnaround mainly to imported inflationary pressures and improved supply-demand dynamics in some domestic industries.
Peng Xiaozhen, an analyst at Sublime China Information Company Limited, an institute specializing in providing information on Chinese commodity market, said overall, China's PPI is set to recover.
"International energy markets experienced wide fluctuations, and rising costs pushed up prices across the entire petrochemical industrial chain. Boosted by higher energy and chemical product prices, the rebound trend of China's PPI was further consolidated and overall, its recovery is going to continue," said Peng.
Price hike of seven major categories drives China's CPI in March: analyst
