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GERMAN INVESTMENT IN CHINA SURGES DESPITE GOVERNMENT WARNINGS

Parvez KhanComments Off on GERMAN INVESTMENT IN CHINA SURGES DESPITE GOVERNMENT WARNINGS

Mario Nawfal

@MarioNawfal
🇩🇪🇨🇳GERMAN INVESTMENT IN CHINA SURGES DESPITE GOVERNMENT WARNINGS

German direct investment in China hit €7.3bn in H1 2024, surpassing all of 2023.

This rise, largely driven by big carmakers like Volkswagen and BMW, defies government calls to diversify away from the geopolitically risky Chinese market.

Experts warn that this “In China, for China” strategy, aimed at mitigating supply chain risks, could harm the German domestic economy.

The move raises concerns about Germany’s dependency on China, especially as geopolitical tensions escalate in the Taiwan Strait.

Source: Financial Times

Parvez Khan
http://teesrijung.com

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