Germany split on Port of Hamburg deal with China – Asia Times & More Trending News


The German authorities has change into divided over a deal, agreed final month, which noticed Chinese conglomerate Cosco put money into the Port of Hamburg. The deal had been within the works since September 2021 and was championed by the chancellor (and Hamburg’s former mayor), Olaf Scholz.

Scholz’s coalition companions have been vocal in criticizing the deal. Chief amongst them is Robert Habeck, Greens member and Scholz’s economics minister, who expressed his concern that Germany was changing into dependent on Chinese enterprise. Fellow Green and Scholz’s overseas minister, Annalena Baerbock, has additionally publicly briefed in opposition to Scholz and known as for a completely new China coverage.

Even worse for Scholz is that his authorities’s considerations are shared by German enterprise. One of the sector’s largest lobbies has expressed anger over Germany’s financial relationship with China. In an try to keep at bay this anger, Scholz has been compelled to publicly insist that Germany is not going to change into reliant on Chinese enterprise.

Germany split on Port of Hamburg deal with China – Asia Times

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Germany split on Port of Hamburg deal with China – Asia Times

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Germany split on Port of Hamburg deal with China – Asia Times

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