The German government plans to intervene in China?German media: There are different positions within the government

Author:Global Times Time:2022.08.29

[Global Times Comprehensive Report] "The Federal Government is changing the policy of policies to China." The German "Business Daily" reported on the 26th that more than 6 senior German federal government officials revealed to the newspaper that the German Ministry of Economic Affairs hopes to accept a significant acceptance of significantly. Covering the national guarantee rules of German companies in overseas investment, "we must take countermeasures to prevent the risks that are too concentrated in China," said a senior official of the ministry. The "Business Daily" reported that the reason for changing the route was that when geopolitical tensions intensified, German companies' dependence on the Chinese market was increasing. The German government is worried that if sanctions on China are taken, it will affect many German companies.

Data map source Visual China

So far, German companies have invested overseas and if they have obtained national guarantees in advance, once they invest in damage, some of which can be compensated from the state. According to the "Business Daily", the Ministry of Economic Affairs of Germany is planning to restrict this regulation. Not long ago, the ministry refused to extend the guarantee of Volkswagen's investment in China on the grounds of "human rights". At present, the German government has issued a guarantee of 29.1 billion euros, of which 11.3 billion euros are targeted at investing in China. Moreover, the German Ministry of Economic Affairs plans far more than the amendment guarantee regulations, and they are still discussing control of German overseas investment. The "Business Daily" reported that the ministry is inspired by the US government: US companies that invest in key industries in China, hope to open new bases in China or establish joint ventures with Chinese partners, and the US government wants to introduce declaration requirements. In this way, the President of the United States has the opportunity to ban overseas investment.

According to the "Commercial Daily", the German government believes that they are forced to intervene in investment in China, mainly because although the German business community claims that it no longer depends on individual countries, it often does the opposite action, and the economic connection with China is getting increasingly increasingly connected with China. The closer. For example, BASF has just approved the establishment of a second -family base in China, costing 10 billion euros. In the first half of this year, German companies invested as high as 10 billion euros in China.

However, the "Commercial Daily" said that the German federal government still holds different stations in terms of policies in China. The Ministry of Economic and Foreign Ministry of the Green Party controls a stronger position on China. Although the Prime Minister's Palace hopes to change the policy for China, it warns not to do it. Even if there are different sounds within the Ministry of Economic Affairs, warning "the current opportunity is not wise."

A economist in Berlin, Germany, told the Global Times reporter on the 28th that if Germany really takes restrictions on investment, its economy will suffer a huge blow, especially cars and machinery manufacturing (Zhaodong)

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