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View Full Version : German industry leaders using the Chinese government to take Europe to the cleaners



kritikvernunft
11-25-2016, 12:19 PM
Germany’s Chinese investment problem

European firms are being snapped up by China companies, and that’s causing headaches in Berlin.


http://www.politico.eu/article/germa...ar-gabriel-eu/

By Janosch Delcker

11/25/16, 5:38 AM CET Updated 11/25/16, 5:56 AM CET



HAMBURG, Germany — In the conflict between Beijing, Berlin and Brussels over skyrocketing investment by Chinese firms in European high-tech industries, China has a major advantage: It has a plan. Germany doesn’t. Neither does the European Union.


“To have a major Chinese shareholder is a huge benefit in opening doors,” Gordon Riske, CEO of Germany-based Kion, parts of which were acquired by Chinese state-owned Weichai Power in 2012, said during this week’s Hamburg Summit, a conference on EU-China economic relations.

“Germany is the center of Europe,” Nan Cunhui, chairman of Chinese electrical company Chint Group, told the audience in Hamburg. “Brands, manufacturing technologies, in every aspect Germany is the leader.

The truth is slightly different. It is German subsidiaries in China buying up their mother houses in Germany. It is exactly the same person at both ends of the table. The buyer and the seller are one and the same person. The Chines elite is giving these German entrepreneurs some kind of benefit for reversing the ownership relationship. Since the German CEOs are sick and tired of paying impossible amounts in contributions and taxes in Europe, they are obviously all for it.

That was another point concerning Donald Trump and the jobs that are certainly not coming back.

The Chinese elite is incredibly patient. That is why they are slated to win every conflict in the future.
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