Scholz and Economy Minister Robert Habeck are liaising closely on the matter with European allies and the US, which is pushing for a global blockade of China’s access to key technologies, including semiconductors.
Habeck, who is also the vice chancellor, has advised officials in his department to work on a tool box of measures to strengthen Germany’s economic resilience in certain areas and reduce one-sided dependencies on China. The idea of imposing export controls on chip chemicals is…
While the U.S. is seeking to isolate China economically, two powerful engines of the German economy, Volkswagen and the chemical company BASF, are broadening their huge Chinese investments.
@pstAsiatech
”Germany depends on China to provide essential technology products, including mobile phones and LEDs, as well as raw materials, including lithium and rare earth elements. These are critical to Germany’s plans to make a transition to cleaner energy and transportation."
@pstAsiatech
@_mm85
Germany has a big mouth but the speakers are silent about the enormous business interests and companies from German companies in China and not only the car manufacturers
@pstAsiatech
CN has benefitted a lot from western technology no matter what many said about the Chinese economic miracle.
The litmus test will be whether they can truly innovate and become less dependent on the west.
Quite hard to do so in my view.
@pstAsiatech
Every day, German commits economic seppuku, it's INSANE that they don't see it. How does a country greatly benefiting from globalisation cut off industries from their biggest client consistently???
But when u figure Germany has been occupied by the USA since WW2, it makes sense
@pstAsiatech
But also, have preemptive calculations been made on China's countermove on Germany if they pull such a stunt.
This is not only the end of globalization but also the beginning of a trade war.