>Germany needs to diversify its business interests in Asia to reduce dependency on China, Economy Minister Robert Habeck has told DW in Singapore.
>Speaking on the sidelines of a conference exploring ways to diversify German business investments in Asia, Habeck said that Russia’s invasion of Ukraine had shown Berlin, and the world, the dangers of excessive reliance on single trading partners.
>Habeck disputed that Germany’s stance on China remains somewhat confused, as a more cautionary tone being has been struck by politicians in recent months, while bearing in mind the fact that China remains Germany’s second-largest export market and its largest source for imports.
>”The general strategy is completely clear,” Habeck said. “We want to protect our critical infrastructure. We want to protect our sectors where critical goods and knowledge are developed. And beyond that, of course, we want to have a trade relationship with China. It’s not decoupling.”
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>Habeck said that what was happening should be seen as “a process,” following roughly 30 years, or more, of German politicians saying that the Chinese market was the future and should be the target of many if not most major investments.
>”So what we’re doing is something big right now. We are changing the practices of our China strategy and politics. And this is of course, this is a phase. And we have to learn and we have to think about it. And from the general analysis going into the details is sometimes complicated,” he said.
>[Habeck] and Chancellor Olaf Scholz are attending the event on the sidelines of the ASEAN summit.
Richard Walker; Mark Hallam for Deutsche Welle, 13 November 2022 18:10 GMT+8.
‘t duurde even, maar het kwartje is gevallen
I mean, U.S. believed that admitting China to WTO would essentially open up the country and would force it to give up communism. We all know that’s not what happened in the end. I don’t understand why Germany thinks cozying up to Russia/China will make them give up their authoritarian regimes. We should know better at this point and Germany, the de facto leader of Europe should get used to this fact as well.
Habeck and ACAB are currently the best German politicians.
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Excerpt:
>Germany needs to diversify its business interests in Asia to reduce dependency on China, Economy Minister Robert Habeck has told DW in Singapore.
>Speaking on the sidelines of a conference exploring ways to diversify German business investments in Asia, Habeck said that Russia’s invasion of Ukraine had shown Berlin, and the world, the dangers of excessive reliance on single trading partners.
>Habeck disputed that Germany’s stance on China remains somewhat confused, as a more cautionary tone being has been struck by politicians in recent months, while bearing in mind the fact that China remains Germany’s second-largest export market and its largest source for imports.
>”The general strategy is completely clear,” Habeck said. “We want to protect our critical infrastructure. We want to protect our sectors where critical goods and knowledge are developed. And beyond that, of course, we want to have a trade relationship with China. It’s not decoupling.”
>
>Habeck said that what was happening should be seen as “a process,” following roughly 30 years, or more, of German politicians saying that the Chinese market was the future and should be the target of many if not most major investments.
>”So what we’re doing is something big right now. We are changing the practices of our China strategy and politics. And this is of course, this is a phase. And we have to learn and we have to think about it. And from the general analysis going into the details is sometimes complicated,” he said.
>[Habeck] and Chancellor Olaf Scholz are attending the event on the sidelines of the ASEAN summit.
Richard Walker; Mark Hallam for Deutsche Welle, 13 November 2022 18:10 GMT+8.
‘t duurde even, maar het kwartje is gevallen
I mean, U.S. believed that admitting China to WTO would essentially open up the country and would force it to give up communism. We all know that’s not what happened in the end. I don’t understand why Germany thinks cozying up to Russia/China will make them give up their authoritarian regimes. We should know better at this point and Germany, the de facto leader of Europe should get used to this fact as well.
Habeck and ACAB are currently the best German politicians.