Germany-China: Struggling to Get Rid of Beijing’s Dependencies
French President Emmanuel Macron provoked great anger in the week after Easter by suggesting that Europe should not be a “vassal” in US-China geopolitical rivalries. The mainland, he said, must avoid being drawn especially into the two nations’ conflict over Taiwan.
Little wonder, then, that the president has drawn criticism from many quarters for speaking what he feels as a European, including from certain political circles in Germany. But many of this country’s corporate bosses and business leaders would rather agree with Macron’s vision than disagree.
“If we no longer have China, prosperity in Germany will decline,” said Holger Engelmann, CEO of automotive supplier Webasto. He knows what he’s talking about because Webasto — a family-owned company based in Stockdorf, Germany — generates more than a third of its sales in China, where it also operates a total of 11 factories.
Source: DW
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.