Hamburg Port warns the German government not to ban Chinese companies from investing: rejecting Chinese people may be a disaster for Germany.
German Times Weekly said on the 12th that the German federal government recently expressed "concern" about the Chinese shipping company COSCO Group's acquisition of a container terminal in Hamburg Port. The head of Hamburg Port warned this in an interview with Reuters , saying that it would not be prohibited from banning COSCO 's plan to invest in container terminals.
It is reported that Hamburg Port Marketing Association Chairman Matern said: "The entry of Chinese into operations will be a huge success for the port, not a threat, especially COSCO will soon become the world's largest shipping company." He added: "Rejecting Chinese people may be a disaster not only for the port, but also for Germany."
" Spiegel " weekly said that the background of Matern's words is that COSCO hopes to acquire 35% of the shares of Tollerort container terminal in Hamburg Port. But in mid-August this year, the German Federal Ministry of Economic Affairs expressed concerns about the plan by port operator Hamburg Port and Logistics.
Hamburg Port, Germany Data map
"Spiegel" weekly said that a spokesperson for the German Federal Ministry of Economic Affairs confirmed last week that the investment review process for COSCO Group to enter Hamburg Port is in progress. But he denied that Economy Minister Habek had vetoed the plan. Habek told Reuters on the 13th that Berlin is studying a new strategic layout against China aimed at reducing Germany's dependence on China's economy. He also said that China will remain a welcome trading partner for Germany.
German political circles have repeatedly clamored to "get rid of their dependence on China's economy", but the German economic circle generally opposes this view. The head of foreign trade at the German Business Conference (DIHK) said: "In the absence of clear security standards, investment in trading partners such as our economy will be prohibited, which will weaken Germany's attractiveness as an investment destination."
Global Times-Global Network Zhaodong
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