Transcripts For DW Close Up - Hungry Dragon - Chinas Greed F

Some people find it amusing the hordes of chinese out conquering germany with their cameras. But some of these visitors have their eye on very specific Things Technology and machines made in germany and theyre not here for the perfect souvenir snapshot china has come to shop and its buying up dozens of German Companies. In my sons of iraq was asians are associated with Strategic Interests and of the turkish interest that china wants to shake its image as a producer of cheap goods and become a leader in Global Markets in just one year it invested more than ten billion euros in germany. Weve only just begun to invest in germany its a win win situation as we. Win win what about job security. Is life after the initial reaction is shock. Some experts fear for the domestic economy its interest in quandaries agree that planners discipline Farm Products with chinese words for. Example you have zoom once to know how dangerous it is chinas shopping spree for germany. And i think it could be. A big picnic if you tongue is a chinese millionaire hes here in karlsruhe on business. A leading global manufacturer of packing and process technology is looking for a new investor several parties from both germany and abroad have already come to look at the production facilities today its you tongue whos offered the company one hundred fifty Million Euros and sweetened the deal by ensuring that in the future it would be able to sell its machines in asia without difficulties. For the german management this all sounds promising but the companys employees are skeptical because toms company talking manufactures similar machines in china the new potential Chinese Investment has employees concerned. Shockey of and the first reaction is. China is far away and when tante there is difference they have to her the idea is about working out as so it sort of takes that moment i said a large part of the workforce sees it pragmatically the baby chef. Says ahead of time weve been sellers its on the take off a call for this time however the biggest fear is that with this sale the entire production will be relocated to china. Or when some of the go from. Wouldnt be so great for us of course if production were moved elsewhere. But i can go maybe we can also learn something from a charles. Investor tung ensures them hes not out to destroy. He wants to team up with the manufacturer in karlsruhe to overtake competitors such as bosh to the. Teams china is a huge market and germany is highly developed scientifically and technologically us working together chinese and German Companies could conquer the Global Markets. So we have a three year plan we want to increase from a close market share in china into this. So right now the annual turnover there is only five to six million euro theres. Would be part of a Chinese Corporation and that would mean in the future major decisions would be made by chinese investors a good reason for the german management to weigh up the situation carefully. A lot at stake in the negotiations between trucking and. Well come back later to find out what kind of agreement was reached. Just one of Many Companies chinese investors have shown interest in. Twenty Sixteen Companies in germany. Over ten billion changed hands for companies. Eurasian consulting. It is one of several. Agencies. In business with china. Inexperienced investors and organize the financial transactions. Conditions open markets. And sometimes even. Twenty seventeen was a record year for chinese in amman day activities abroad and also in europe and germany and america and. Were seeing a solid upward trend most of the acquisitions we handle pursue Strategic Interests. In other words a chinese entrepreneur will say i have an objective i want to expand abroad or i need to upgrade my technology in order and upgrade for me the home why are chinas sylvesters so keen on germany in particular as one. German products and German Technology are highly regarded. As a vietnam is in the Automobile Industry Mechanical Engineering and machinery instructor mush all have an excellent reputation in china the good news and the horse cool off. One reason germany has become a focus of interest is because of a government scheme known as made in china twenty twenty five the country wants to put its days as a producer of cheap goods behind it to become a technological leader and industrial superpower. At the hanover messa the Worlds Largest industrial trade fair its clear where chinas interests lie robotics Semiconductor Technology and automation. Up until now Chinese Companies often simply copy products no one does it better no other country churns out more reproductions or counterfeit goods. The cost to germany alone is over seven point three billion euro. A Company Based in the bavarian city of clinton has felt the sting because specialized in pressure temperature and Level Measurement Technology their instruments are used primarily in heating and Industrial Facilities and must operate with absolute precision. Products have been widely copied by Chinese Companies for eleven years its been. Job to track down the fakes. So whats original and whats her fake. In all of the difference between an original and a fake is not always easy to spot for the retail customer often on fakes the printed parts are a bit blurred the casket is even worse mike here at the front its been cut by hand perhaps with a pair of nail scissors and theres no way this seal is tight enough the main thing is that it wont measure the pressure properly subjected to vibration the instrument would likely fail if its times made in germany but wasnt and it does not adhere to the quality standards of made in germany thats not fair. Its a tough. At all for de mood and his boss so why is china in particular causing so many problems. You know its a lot of fuss over the past years china has grown from a developing country into an industrialised one because and a lot of Small Companies want to gain a foothold in the market. Of oil and then they often take a very pragmatic approach to put it diplomatically its. The economic damage is significant but for this Medium Sized Company theres even more at stake the moment is the up and im just imagining all of our instruments are often used for critical applications for involving hard pressure for example. Handed for devices and up to specs it could result in serious damage or even personal injury and through it all of the law. And if there were to involve a device during the vico name. It doesnt matter how many ways we can prove that its not one of our products the damage to our image has been done. Invented in germany and reproduced cheaply in china under the original name that shouldnt be possible in germany intellectual property is protected by the German Patent Office in munich but patents in germany arent worth much in china they have to be registered there and the requirements are different in germany inventions must truly be new in china its often enough for the goods to simply be new to the market that leaves room to patent blatant rip off is that also part of the chinese strategy attorney usually involve combat counterfeiters on behalf of German Companies which takes a lot of time and energy. And who knows what else to and china you have to submit a lot of paperwork before a judge will even look at the need to develop a very broad strategy all. So than in any other crowd because you never know which emanuel forages the deal with intact on Property Rights in china will be responsible for your kind. Of the Property Rights will ultimately help you win that case it varies from the plagiarism and. If a case does go to court its still not easy for wagner and his client Chinese Companies generally when locking your has the impression the state is interested in supporting its own patents. China launched a Major Initiative a few years ago they wanted to see millions of peytons filed within a few years unfortunately the innovations arent always worthy of a paper on the standards here differ from those in europe but Chinese Companies sometimes with Tax Advantages register a lot of patrons and then parse them through the film there are many chinese courts going on with that borders on. Us we want to know if its china first in case law. Its more like you realize theres a tendency to mistrust foreigners they always have to present everything to the chinese judge with a trip and a certified translation its a lot easier for the chinese these hurdles are purely formalities which of course have been set up by the state. Are german businesses systematically disadvantaged and working to find out and make our way to china the country is germanys most important Business Partner outside europe with a trade volume of about one hundred seventy billion euro more than two thousand six hundred German Companies are based in the greater Shanghai Area alone but if you hope to succeed you have to abide by chinese rules and they are strict foreigners are not allowed to invest in every branch for some you need to enter into a joint venture with chinese partners and there are limits to how much capital can flow in and out of the country. A third of german on. But moores complain about a lack of transparency bureaucratic hurdles and bias and legal interpretations. Of the German Chamber of commerce abroad is critical of the systematic bias to. A trend is im not in germany is a country that is largely open to Foreign Investment but we are still seeing limited Market Access in china before in the case of Public Tenders for example the companies are telling us that there is a lack of transparency and that its not always easy to understand why theyve been shut out of the process of ns few dozen my time is not quite seen cohen but it tends to be a little complicated here in china dozens i list here in kenya and if guns i am from. Many companies would agree but few dare to talk openly about the problems for fear of reprisals by the chinese authorities but we did find one entrepreneur who was willing to talk to us on camera thank you heiko Ventures Company developed scanners tama graphs and measuring instruments for industrial use eleven years ago she came to china and taught chinese engineers german know how then one of her employees started offering the same services outside Company Hours with the help of colleagues and equipment from their german employer. And there are still the specter they dont like as they were smack through property as we do they dont have the same sense of justice so i more or less have to expect that one in one hundred employees will say well ill take that and do my own thing with it and i guess the government dishes this what security measures have you put in place to ensure that the no house stays within our company even in the film. Would fall into the it was very important not to reveal every facet of our technical knowhow to ensure that didnt happen i dont see how we continue to manufacture the only sensitive parts in germany and then have them sent here to be installed in the machine would be for. The russian. Vince will dismiss the employee. But thats not the only bad experience shes had she also set up a joint venture with a chinese partner who made a profit while she lost half a Million Euros reason is missing from. The script so i mocked as a mild case in which operates and it works quite well in the city and theres a market that is reserved for domestic manufacturers its is not just the your opponent market so we thought it would be a good idea to enter into a joint venture with a partner from china to a venture partner with key not. Allow us to conquer this other market as well. And so that didnt work out so well you know it was very very difficult wells colliding you might say that the pilots the missile because the profit from its difficult for germans to succeed in china vessel experiences that every day applications and paperwork are required for everything nothing moves forward without a stamp and to get that pencil had to present her case to three different authorities. Position because then its worth more than my signature on. Time and again she feels the long arm of the state she wants to show us how it is we accompany her to one of the authorities a combination of a customs and labor inspectorate she needs its approval to bring components from her own factory into the country. The head of the authority also wants to show German Television what they have achieved here hes proud that in just ten years more than twelve hundred companies have settled in the region of his responsibility they are all in sectors that the Chinese Government sees as crucial to the countrys future engineering some make a. Dr technology and automation. We asked the head of the agency what the Broader Vision is. Created many opportunities to transform and improve chinas economy to develop it we are trying to move away from the traditional way of doing business with a new economy driven by innovation and high tech. Entrepreneurs to especially from germany. Thank you very much. Makes it clear and nothing in china happens by chance. Development. Made in china twenty twenty five envisions a quantum shift away from cheap producer to an industrial super power that will rival north america and. Has allocated. For investment in the Semiconductor Industry alone. Chinese companies cant make the advance quickly enough on their own they have to buy their way in. Theres evidence of that in western germany region where crane manufacturer. A few years ago the company was on the brink of bankruptcy first because of the banking crisis and then because many of its customers were unable to pay suddenly the jobs of sixty six employees were on the line then bush won one on an investor from china appeared on the scene and took over the company the money from china kept the company afloat management is still in german hands. Or would this be a long term commitment to good wine was committed to the long term from the very beginning what if they also want to develop the company for the Chinese Market but not as fast as family other as much money talk really but. One leaves the task of running the business to his german team just once a year he comes to work to check up on things but what moved him to buy this crane manufacturer in the first place in the chinese province of hand he made a name for himself as an automotive supplier he had nothing to do with cranes. We ask if a prevention or regional strategy behind his investment. Serves a prime market. Its products are intended for the european market. Products in china. Receive support from the chinese. Government. To develop production in china and make the brand. That would be in keeping with the governments development strategy. So this investment was made with support from the state so. He doesnt reveal the exact amount but without that money vill bet would have gone bust but in another respect it cost the company dearly because the way germany builds cranes is now also known in china. Technology transfers and state subsidized shopping sprees what does this mean for germany as a Business Location experts marrieds institute for china studies spent a long time looking at chinas master plan and working out the strategy behind it. Has analyzed numerous Chinese Company takeovers including a bosch starter motor and generator subsidiary the chinese investors are actually made up of a complex network with locations in germany luxembourg and the Cayman Islands and in the end everything comes together in a special Holding Company. Look at the Chinese Business register this Holding Company is owned entirely by henan province. Which is a very very clear indication of the provincial plan for the Automotive Industry the. State owned enterprises have. Another example in x p semiconductors in hamburg the buyer appeared to be a private investor but a look into numerous Shell Companies reveals a state fun directly subordinate to the council of state so not a private investor after all. Trying to give the impression that this is a private plan when the governments actually behind it that if you have nothing to hide theres no reason not to say that the government is involved. Its a controversial strategy. Thinks it has to do with germany as a Business Location. Is germany being sold off little by little as getting a part of these are indeed risks that we have to observe in this travel an increasing proportion of investment is driven by state participants without. Basic aim is to supplant Things Technology<\/a> and machines made in germany and theyre not here for the perfect souvenir snapshot china has come to shop and its buying up dozens of German Companies<\/a>. In my sons of iraq was asians are associated with Strategic Interests<\/a> and of the turkish interest that china wants to shake its image as a producer of cheap goods and become a leader in Global Markets<\/a> in just one year it invested more than ten billion euros in germany. Weve only just begun to invest in germany its a win win situation as we. Win win what about job security. Is life after the initial reaction is shock. Some experts fear for the domestic economy its interest in quandaries agree that planners discipline Farm Products<\/a> with chinese words for. Example you have zoom once to know how dangerous it is chinas shopping spree for germany. And i think it could be. A big picnic if you tongue is a chinese millionaire hes here in karlsruhe on business. A leading global manufacturer of packing and process technology is looking for a new investor several parties from both germany and abroad have already come to look at the production facilities today its you tongue whos offered the company one hundred fifty Million Euros<\/a> and sweetened the deal by ensuring that in the future it would be able to sell its machines in asia without difficulties. For the german management this all sounds promising but the companys employees are skeptical because toms company talking manufactures similar machines in china the new potential Chinese Investment<\/a> has employees concerned. Shockey of and the first reaction is. China is far away and when tante there is difference they have to her the idea is about working out as so it sort of takes that moment i said a large part of the workforce sees it pragmatically the baby chef. Says ahead of time weve been sellers its on the take off a call for this time however the biggest fear is that with this sale the entire production will be relocated to china. Or when some of the go from. Wouldnt be so great for us of course if production were moved elsewhere. But i can go maybe we can also learn something from a charles. Investor tung ensures them hes not out to destroy. He wants to team up with the manufacturer in karlsruhe to overtake competitors such as bosh to the. Teams china is a huge market and germany is highly developed scientifically and technologically us working together chinese and German Companies<\/a> could conquer the Global Markets<\/a>. So we have a three year plan we want to increase from a close market share in china into this. So right now the annual turnover there is only five to six million euro theres. Would be part of a Chinese Corporation<\/a> and that would mean in the future major decisions would be made by chinese investors a good reason for the german management to weigh up the situation carefully. A lot at stake in the negotiations between trucking and. Well come back later to find out what kind of agreement was reached. Just one of Many Companies<\/a> chinese investors have shown interest in. Twenty Sixteen Companies<\/a> in germany. Over ten billion changed hands for companies. Eurasian consulting. It is one of several. Agencies. In business with china. Inexperienced investors and organize the financial transactions. Conditions open markets. And sometimes even. Twenty seventeen was a record year for chinese in amman day activities abroad and also in europe and germany and america and. Were seeing a solid upward trend most of the acquisitions we handle pursue Strategic Interests<\/a>. In other words a chinese entrepreneur will say i have an objective i want to expand abroad or i need to upgrade my technology in order and upgrade for me the home why are chinas sylvesters so keen on germany in particular as one. German products and German Technology<\/a> are highly regarded. As a vietnam is in the Automobile Industry<\/a> Mechanical Engineering<\/a> and machinery instructor mush all have an excellent reputation in china the good news and the horse cool off. One reason germany has become a focus of interest is because of a government scheme known as made in china twenty twenty five the country wants to put its days as a producer of cheap goods behind it to become a technological leader and industrial superpower. At the hanover messa the Worlds Largest<\/a> industrial trade fair its clear where chinas interests lie robotics Semiconductor Technology<\/a> and automation. Up until now Chinese Companies<\/a> often simply copy products no one does it better no other country churns out more reproductions or counterfeit goods. The cost to germany alone is over seven point three billion euro. A Company Based<\/a> in the bavarian city of clinton has felt the sting because specialized in pressure temperature and Level Measurement Technology<\/a> their instruments are used primarily in heating and Industrial Facilities<\/a> and must operate with absolute precision. Products have been widely copied by Chinese Companies<\/a> for eleven years its been. Job to track down the fakes. So whats original and whats her fake. In all of the difference between an original and a fake is not always easy to spot for the retail customer often on fakes the printed parts are a bit blurred the casket is even worse mike here at the front its been cut by hand perhaps with a pair of nail scissors and theres no way this seal is tight enough the main thing is that it wont measure the pressure properly subjected to vibration the instrument would likely fail if its times made in germany but wasnt and it does not adhere to the quality standards of made in germany thats not fair. Its a tough. At all for de mood and his boss so why is china in particular causing so many problems. You know its a lot of fuss over the past years china has grown from a developing country into an industrialised one because and a lot of Small Companies<\/a> want to gain a foothold in the market. Of oil and then they often take a very pragmatic approach to put it diplomatically its. The economic damage is significant but for this Medium Sized Company<\/a> theres even more at stake the moment is the up and im just imagining all of our instruments are often used for critical applications for involving hard pressure for example. Handed for devices and up to specs it could result in serious damage or even personal injury and through it all of the law. And if there were to involve a device during the vico name. It doesnt matter how many ways we can prove that its not one of our products the damage to our image has been done. Invented in germany and reproduced cheaply in china under the original name that shouldnt be possible in germany intellectual property is protected by the German Patent Office<\/a> in munich but patents in germany arent worth much in china they have to be registered there and the requirements are different in germany inventions must truly be new in china its often enough for the goods to simply be new to the market that leaves room to patent blatant rip off is that also part of the chinese strategy attorney usually involve combat counterfeiters on behalf of German Companies<\/a> which takes a lot of time and energy. And who knows what else to and china you have to submit a lot of paperwork before a judge will even look at the need to develop a very broad strategy all. So than in any other crowd because you never know which emanuel forages the deal with intact on Property Rights<\/a> in china will be responsible for your kind. Of the Property Rights<\/a> will ultimately help you win that case it varies from the plagiarism and. If a case does go to court its still not easy for wagner and his client Chinese Companies<\/a> generally when locking your has the impression the state is interested in supporting its own patents. China launched a Major Initiative<\/a> a few years ago they wanted to see millions of peytons filed within a few years unfortunately the innovations arent always worthy of a paper on the standards here differ from those in europe but Chinese Companies<\/a> sometimes with Tax Advantages<\/a> register a lot of patrons and then parse them through the film there are many chinese courts going on with that borders on. Us we want to know if its china first in case law. Its more like you realize theres a tendency to mistrust foreigners they always have to present everything to the chinese judge with a trip and a certified translation its a lot easier for the chinese these hurdles are purely formalities which of course have been set up by the state. Are german businesses systematically disadvantaged and working to find out and make our way to china the country is germanys most important Business Partner<\/a> outside europe with a trade volume of about one hundred seventy billion euro more than two thousand six hundred German Companies<\/a> are based in the greater Shanghai Area<\/a> alone but if you hope to succeed you have to abide by chinese rules and they are strict foreigners are not allowed to invest in every branch for some you need to enter into a joint venture with chinese partners and there are limits to how much capital can flow in and out of the country. A third of german on. But moores complain about a lack of transparency bureaucratic hurdles and bias and legal interpretations. Of the German Chamber<\/a> of commerce abroad is critical of the systematic bias to. A trend is im not in germany is a country that is largely open to Foreign Investment<\/a> but we are still seeing limited Market Access<\/a> in china before in the case of Public Tenders<\/a> for example the companies are telling us that there is a lack of transparency and that its not always easy to understand why theyve been shut out of the process of ns few dozen my time is not quite seen cohen but it tends to be a little complicated here in china dozens i list here in kenya and if guns i am from. Many companies would agree but few dare to talk openly about the problems for fear of reprisals by the chinese authorities but we did find one entrepreneur who was willing to talk to us on camera thank you heiko Ventures Company<\/a> developed scanners tama graphs and measuring instruments for industrial use eleven years ago she came to china and taught chinese engineers german know how then one of her employees started offering the same services outside Company Hours<\/a> with the help of colleagues and equipment from their german employer. And there are still the specter they dont like as they were smack through property as we do they dont have the same sense of justice so i more or less have to expect that one in one hundred employees will say well ill take that and do my own thing with it and i guess the government dishes this what security measures have you put in place to ensure that the no house stays within our company even in the film. Would fall into the it was very important not to reveal every facet of our technical knowhow to ensure that didnt happen i dont see how we continue to manufacture the only sensitive parts in germany and then have them sent here to be installed in the machine would be for. The russian. Vince will dismiss the employee. But thats not the only bad experience shes had she also set up a joint venture with a chinese partner who made a profit while she lost half a Million Euros<\/a> reason is missing from. The script so i mocked as a mild case in which operates and it works quite well in the city and theres a market that is reserved for domestic manufacturers its is not just the your opponent market so we thought it would be a good idea to enter into a joint venture with a partner from china to a venture partner with key not. Allow us to conquer this other market as well. And so that didnt work out so well you know it was very very difficult wells colliding you might say that the pilots the missile because the profit from its difficult for germans to succeed in china vessel experiences that every day applications and paperwork are required for everything nothing moves forward without a stamp and to get that pencil had to present her case to three different authorities. Position because then its worth more than my signature on. Time and again she feels the long arm of the state she wants to show us how it is we accompany her to one of the authorities a combination of a customs and labor inspectorate she needs its approval to bring components from her own factory into the country. The head of the authority also wants to show German Television<\/a> what they have achieved here hes proud that in just ten years more than twelve hundred companies have settled in the region of his responsibility they are all in sectors that the Chinese Government<\/a> sees as crucial to the countrys future engineering some make a. Dr technology and automation. We asked the head of the agency what the Broader Vision<\/a> is. Created many opportunities to transform and improve chinas economy to develop it we are trying to move away from the traditional way of doing business with a new economy driven by innovation and high tech. Entrepreneurs to especially from germany. Thank you very much. Makes it clear and nothing in china happens by chance. Development. Made in china twenty twenty five envisions a quantum shift away from cheap producer to an industrial super power that will rival north america and. Has allocated. For investment in the Semiconductor Industry<\/a> alone. Chinese companies cant make the advance quickly enough on their own they have to buy their way in. Theres evidence of that in western germany region where crane manufacturer. A few years ago the company was on the brink of bankruptcy first because of the banking crisis and then because many of its customers were unable to pay suddenly the jobs of sixty six employees were on the line then bush won one on an investor from china appeared on the scene and took over the company the money from china kept the company afloat management is still in german hands. Or would this be a long term commitment to good wine was committed to the long term from the very beginning what if they also want to develop the company for the Chinese Market<\/a> but not as fast as family other as much money talk really but. One leaves the task of running the business to his german team just once a year he comes to work to check up on things but what moved him to buy this crane manufacturer in the first place in the chinese province of hand he made a name for himself as an automotive supplier he had nothing to do with cranes. We ask if a prevention or regional strategy behind his investment. Serves a prime market. Its products are intended for the european market. Products in china. Receive support from the chinese. Government. To develop production in china and make the brand. That would be in keeping with the governments development strategy. So this investment was made with support from the state so. He doesnt reveal the exact amount but without that money vill bet would have gone bust but in another respect it cost the company dearly because the way germany builds cranes is now also known in china. Technology transfers and state subsidized shopping sprees what does this mean for germany as a Business Location<\/a> experts marrieds institute for china studies spent a long time looking at chinas master plan and working out the strategy behind it. Has analyzed numerous Chinese Company<\/a> takeovers including a bosch starter motor and generator subsidiary the chinese investors are actually made up of a complex network with locations in germany luxembourg and the Cayman Islands<\/a> and in the end everything comes together in a special Holding Company<\/a>. Look at the Chinese Business<\/a> register this Holding Company<\/a> is owned entirely by henan province. Which is a very very clear indication of the provincial plan for the Automotive Industry<\/a> the. State owned enterprises have. Another example in x p semiconductors in hamburg the buyer appeared to be a private investor but a look into numerous Shell Companies<\/a> reveals a state fun directly subordinate to the council of state so not a private investor after all. Trying to give the impression that this is a private plan when the governments actually behind it that if you have nothing to hide theres no reason not to say that the government is involved. Its a controversial strategy. Thinks it has to do with germany as a Business Location<\/a>. Is germany being sold off little by little as getting a part of these are indeed risks that we have to observe in this travel an increasing proportion of investment is driven by state participants without. Basic aim is to supplant Farm Products<\/a> with chinese ones. To prevent takeovers would have to be blocked until recently the German Government<\/a> could only do that when it came to armaments and military technology but since july twenty seven teen the government has been able to veto deals if Critical Infrastructure<\/a> is affected the e. U. Is now considering expanding the rules to the whole of europe the numerous Company Takeovers<\/a> the bad experiences with patents the hidden hand of the state and the made in china twenty twenty five initiative all of this has fueled mistrust we want to confront chinas highest ranking representative in germany with our research. Given the pace of chinas master plan can ambassador she understand why does mrs and politicians are wary. In the past the motto was growth with growth and more growth you know the motto was more quality and efficiency instead of quantity. Were only at the start of our investment in germany its a win win situation and. In then by taking over companies weve created more jobs and these companies now have more access to the Chinese Market<\/a>. So people are afraid of Chinese Companies<\/a> but in essence it means theyre afraid of themselves afraid of competition. Because china is developing people are intimidated by the pace. On for them to import top finished it and off it at this stage is still behind it and subsidizing it with cheap loans how can Something Like<\/a> this happen. I dont understand this concern with state involvement the German Government<\/a> also supports German Companies<\/a> or. People and what does the ambassador make of the discussions in germany and at the european level that new regulations will make the markets less open to china. If not. China is opening up far and wide and germany should also remain open. When problems arise we are prepared to deal with them by discussing that with the not through restrictive measures and. Secondly all such efforts are outdated. We have coming around our liberal trade open markets. Germany restricts matters its sending out the wrong signal this. Fall. In the event that china as an advocate of free world trade and germany as an obstacle the German Ministry<\/a> of Economic Affairs<\/a> rejects this notion. He does. Of all i do have to say china is an important trading partner china has to achieve a new level of Value Creation<\/a> that is true it is absolutely crucial for growth and employment in china and nothing can be said against it the question is what means and what conditions of a using to do that that is precisely where the principles of a market economy should apply not so to speak the principles of a state economy that distributes state subsidies. At the moment china is fighting with unfair means. If i were to subsidize things in this way competition will no longer be fair and that will distort competition in the media. We cannot have any interest in that. The issue is essentially to prevent germany from being sold off to not just see the piles of chinese money but also to protect german no found. Back in. Chinese hands the firm was sold for one hundred fifty Million Euros<\/a> with the majority of. The highest bidder location and jobs are supposedly secure even though the company didnt get that in writing but the german management is still satisfied. Thought draw to do it. Strategically. Both sides have a role to. Continue in a positive way. The new boss promises a golden future. In his first address to the workforce he speaks of free Market Access<\/a> to china generous investment new locations in europe and commitment to preserve. Although we dont all know each other well its a big day for me today because we all share a name now. The company is now a chinese worker and as weve seen the fight against counterfeiting is hard to win accessing the Chinese Market<\/a> is still difficult for German Companies<\/a> theres no sign of a Playing Field<\/a> and at the same time chinese investors are closing in on germany individual. Investments dont seem to be a problem but their increasing number. And masterplan. China is on its way to becoming an industrial superpower and. The fast pace of life in the digital no. Shift has the lowdown on the web showing new developments and providing useful information the witness finds and interviews with makers and users. Should next on d w. W churn diversity. Where the world of science is at home in many languages. On top of that ive been going there you know me have you ever thought of our innovations magazine for any. Of us from every week and always looking to the future on d w dot com science and research for asia. A. Shift from living in the digital age today twenty seven teams most popular gifts smart speakers. And a photo platform with incentives bought fast life in front of an audience in china Live Streaming<\/a> is more popular than ever before two hundred Million People<\/a> in china observe other peoples lives using apps but i do mine","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia800107.us.archive.org\/28\/items\/DW_20180123_011500_Close_up_-_Hungry_Dragon_-_Chinas_Greed_for_German_Companies\/DW_20180123_011500_Close_up_-_Hungry_Dragon_-_Chinas_Greed_for_German_Companies.thumbs\/DW_20180123_011500_Close_up_-_Hungry_Dragon_-_Chinas_Greed_for_German_Companies_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240630T12:35:10+00:00"}