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German chancellor front-runner Friedrich Merz has warned German companies of the “huge risks” of investing in China.
“I tell all representatives of the German economy that the decision to invest in China involves a big risk,” the head of the Christian Democratic Party said in Berlin on Thursday. He issued his warning during a question-and-answer session after a far-reaching foreign policy speech outlining a pro-EU, Atlanticist view of Berlin’s role on the world stage.
“My sincere request to all companies. . . Limit the risk you take to avoid jeopardizing your own company if it triggers an immediate write-off,” it said. merge.
China does not obey the Western rule of law, he added.
“If you take this risk, you must expect major setbacks. I have spoken to a whole range of small and medium sized and very large companies . . If you take this risk and if you have to cancel these investments from one year to the next, please, under no circumstances come to the state. . . for help.”
This is a developing story
