Politico.eu: Germany will adopt China strategy to reduce reliance on Beijing

[Hamartia Antidote]

Germany will adopt China strategy to reduce reliance on Beijing

Berlin wants to send signal ‘that we are not naive,’ says Foreign Minister Annalena Baerbock.

www.politico.eu

VILNIUS — Germany's government will Thursday unveil its first China strategy as part of an effort to ramp up pressure on companies to “de-risk” and reduce dependencies on Beijing.

The strategy, which is planned to be adopted by Cabinet and presented to the public on Thursday, is eagerly awaited as politicians and businesses across Europe and beyond are keen to see how the EU's biggest economy is re-positioning itself regarding the economically important but increasingly assertive China.

The strategy will send out a signal "that we are not naive," German Foreign Minister Annalena Baerbock told reporters Wednesday on the sidelines of the NATO summit in Vilnius.

Baerbock's ministry and other government departments including Chancellor Olaf Scholz's office discussed last details of the strategy until late Tuesday before agreeing on a final text, according to two people familiar with the discussions, who were granted anonymity due to the sensitivity of the discussions.

Germany "had to learn in a brutal way, especially with regard to the Russian war of aggression, that one-sided dependencies make us vulnerable and susceptible," Baerbock said, adding, "We therefore have to protect our own resilience, our own security, and reduce dependencies that threaten us in our desire for peace and freedom."

A draft version of the strategy from late last year, which was written by Baerbock's hawkish foreign ministry, had criticized China for its "massive human rights violations" and raised the possibility of introducing "stress tests" for companies to prove they're not overly dependent on Beijing.

 

[huanghong]

So, the German's mouth is demanding to leave China, while his body is crawling desperately towards China?

Analysis: German firms keep investing in China despite moves to 'de-risk'

German companies are increasing investment in China, even as the German government, the European Union and the G7 want to "derisk" their relationships with Beijing.

www.reuters.com

 

[kuge]

German business associations widely welcome China strategy

German business associations on Thursday welcomed the government's long-awaited China strategy, praising its focus on minimising risk instead of cutting economic ties, and said the next steps would be to focus on domestic production. The 64-page document outlined possible responses to an...

news.yahoo.com

German business associations widely welcome China strategy​

BERLIN, July 13 (Reuters) - German business associations on Thursday welcomed the government's long-awaited China strategy, praising its focus on minimising risk instead of cutting economic ties, and said the next steps would be to focus on domestic production.

 

[Menthol]

Minimizing risk is a wise decision.

In the future globalization will be dead.

China is way too strong to compete directly.

The market is so huge, the economic cycle is way too fast and brutal.

And it is able to invest hugely in research and big projects that is no small country like Germany able to do so.

I think in the near future there will be more and more protectionist policies.

It's like decades ago when developing countries were unable to compete with developed countries imported products.

 

[hirobo2]

I will tell u all China's greatest Achilles heels: The tendency to use "bribes"/gifts to enlarge her influence/circle of friends.

Remember when Trump visited China before starting the trade war? Xi and wife wanted to gift Trump with many incentives and personal business rewards. What did Trump do in return? Start the trade war anyways.

I see China + Germany relationship in the same light. One party tries to buy the friendship of the other party. BUT the other party just hits back anyways.

Just like money CANNOT buy love, China shouldn't use her position of economic strength to "buy" influence and friendship from abroad. Such relationships are superficial and will fall apart when the briber suffers some setbacks.

True friendship is like that between China + NK, China + Cuba. They are based on common grounds and not one party seeking to buy off the other party.

Imagine how shameless it would be if a politician could "buy off" votes from another party. Such a figure would be a complete corrupt and don't deserve their position.