this post was submitted on 20 Aug 2023
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Germany must pull away from China before it’s too late, warns Berlin’s top economic adviser (www.telegraph.co.uk)
submitted 1 year ago by 0x815@feddit.de to c/europe@feddit.de
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Germany must not be “naïve” about the “very real” risk of China invading Taiwan, one of Berlin’s top economic advisers has warned. Monika Schnitzer, who leads the Council of Economic Experts, said the country must reduce economic ties with the world’s second biggest economy to avoid “a real moment of conflict” if Xi Jinping sends troops onto the island.

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[–] Sheltac@lemmy.ml 41 points 1 year ago (1 children)

Fifth once-in-a-lifetime economic crisis here I gooooooooooooo

[–] MrMakabar@slrpnk.net 18 points 1 year ago

Seriously most German investment into China is in the car industry and BASF. The first is basicly destroying all hope of Germany managing the green transition in the energy sector by lobbying, so activly make Germany worse. BASF is even worse. The last big operation they did was financing the NordStream pipelines, develop gas fields in Russia, while signing massive gas deals with Gazprom. When all of these blew up with the war in Ukraine, the managment was extremly helpfull to Putin by spreading Kremlin propaganda in Germany and the entire EU.

In other words, the pain to the German economy from something like this, would massivly help Germany in the long term.

[–] TheBat@lemmy.world 15 points 1 year ago

Too many tankies here

[–] Sniatch@lemmy.world 5 points 1 year ago (1 children)

This is one of the reasons why Germany is giving subsidies to chip makers.

[–] MrMakabar@slrpnk.net 6 points 1 year ago

Which is a policy only really supported by the Greens. The liberals did not want to spend the money and the social democrats have proven to be pro China by having Scholz force throu the sale of parts of Hamburgs port to China. We all know the policy of the conservatives has been pro China for over a decade.