Germany’s bellyache about China’s foreign direct investment policy is a sign of Europe’s growing displeasure with what is perceived as an imbalance in the economic ties between the Old Continent and the Asian giant.
Sectors of the government in Berlin are calling bluntly for an intervention of the European Union (EU) to protect its members against unfair investment practices from Chinese state-owned and private companies. While both EU institutions and member states are sending mixed signals over this German proposal, hawkish supporters of Brexit – Britain’s exit from the EU – are pushing for their leaders to seize on the “China-bashing” that is taking place across the Channel.
Berlin fears that the rise in China’s takeovers of German national assets, notably in the dual-use (i.e. civil and military) hi-tech industry, is driven in large part by the Chinese undisguised desire to buy up Western know-how…
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