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Germany “Watchful” about Chinese Investments
Germany’s economy minister says the government will keep “an especially watchful eye” on future investments from China to make sure they don’t influence European industrial policy.
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Germany’s economy minister says the government will keep “an especially watchful eye” on future investments from China to make sure they don’t influence European industrial policy.
The comment from Minister Bridgette Zypries comes days after Li Shufu, the founder and chairman of Hangzhou-based Zhejiang Geely Holding Group Co., acquired a 9.7% stake in Daimler AG. Geely also owns British cab maker London Taxi Co., Volvo Cars and majority equity in the U.K.’s Group Lotus. In December the company bought 8% of Swedish truckmaker AB Volvo.
Zypries tells Handelsblatt that Germany welcomes foreign investments “as long as they happen in line with the market.”
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