The acquisition of German companies by Chinese investors has reached record levels. According to financial consulting firm Ernst & Young, investors from mainland China and its financial hub Hong Kong have purchased 58 German companies in the first ten months of 2016, which is 19 more than the total purchased a year earlier....
There's another nuance, according to Spiegel. German companies doing business in China are often forced to disclose their technologies, "their products immediately copied without the intervention of the authorities."
Russian business journal Expert Magazine notes that "this fall, Berlin's patience finally seems to have snapped. German regulators' decision to prohibit Chinese investment fund Fujian Grand Chip Investment Fund LP from buying German microchip maker Aixtron SE for 670 million euros resulted in a scandal."...
German Economy Minister and SPD chairman Sigmar Gabriel has since sent a proposal to the European Commission which aims at empowering European Union member governments to block the acquisition of companies and assets in strategically important industries by investors outside Europe....Sputnik International
Aiming for Technological Superpower Status, China Buys Up German Companies
" German microchip maker Aixtron SE"
ReplyDeleteThey cant do the chips... too complicated for them...
Sure they can. But they are jump-starting their techno infrastructure.
ReplyDeleteWe taught them how to do this and taught their best kids in our best schools without insisting that they couldn't get an education here without staying in this country for 10 years post-grad.
We're finished.
Nobody ever bought their way to a tech superpower...
ReplyDelete