A Franco-Chinese business meeting and a state banquet are scheduled for the evening.
Mr Scholz emphasised that he was in agreement with the Chinese leadership on the need for peace conferences in Switzerland to discuss the war.
The U.S. has already rolled out a raft of sanctions against Chinese companies for reasons related to Russia.
The renaming was part of “standardisation’’ in accordance with decisions taken by the State Council, the top Chinese administrative authority.
China maintains close ties with Iran, importing large quantities of oil from the country, which remains under sanction by Western countries.
Chinese Vice Premier He Lifeng met with Kristalina Georgieva, managing director of the International Monetary Fund in Beijing.
“I want to thank the Taiwanese people for writing a new chapter in our democracy,” Mr Lai said on Saturday.
Recently, both countries have worked to improve their relations with more frequent visits by government representatives.
He also declared bilateral relations with Russia as his country’s number one priority.
Russian President Vladimir Putin said on Wednesday that the strike on a hospital in Gaza that killed hundreds of Palestinians was a terrible catastrophe.
