Germany’s main business lobby has demanded a much tougher approach to China, saying the country’s free market must be made more “resilient” to threats posed by Chinese competition.
In a strongly-worded policy paper, the BDI said Germany’s liberal, open model was increasingly in competition with China’s “state-dominated economy” and needed to protect itself more effectively from Chinese companies.
The paper comes at a time of heightened sensitivities in Germany over Chinese investment. Last month the government lowered its threshold for screening foreign takeovers to protect critical infrastructure from Chinese firms.
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