Mayor of Hamburg, Germany: Rejecting China -enterprise investment will cause us to be in disadvantages

[Global Times special reporter in Germany Zhaodong] Germany Telecom News Network reported on the 19th that in the interview with Reuters on the day of the Hamburg City Mayor Peter Cherry, he explicitly warned the Green Party German Economic Minister Habeck not to stop China from shipping. The giant COSCO Group invested in a container terminal in Hamburg Port. "From the perspective of national security and independence, the federal government's refusal to participate in the COSCO Group is unreasonable." The government of the Civil Party of the Communist Party said.

The German Telecom News Network quoted Chen Chel as saying that COSCO Group's competitors in Hamburg Port Rotterdam and Antwerp Port have dock shares. If the burger refuses, it is a heavy blow for Hamburg as an investment destination and will also make Hamburg Port in a competitive disadvantage. "In order to keep up with the pace of international competition, if it is commercially meaningful, the shipping company must also be likely to hold the Hamburg Wharf shares."

As early as September 2021, the German Hamburg Port Group "Hamburg Port and Logistics Company (HHLA)" announced that COSCO will obtain 35%of the Hamburg Port Tollerort container terminal, with a price of 65 million euros. But one year later, the transaction was delayed to be approved by the German government. Habeck had previously told Reuters that he "tended to" refuse to invest in Zhongyuan.

The German Telecom News Network said that Chen Chel did not understand the relevant concerns. He said that COSCO's shares are only related to the company operating one of the docks, "it has nothing to do with any strategic influence or the use of port infrastructure." HHLA reserves the only control of all business decisions. At the same time, Chen Chel emphasized that the German federal government is correct with the overall goal of supporting the economy with greater diversification. "However, the first step should not be decoupled with the existing market, but to open up new markets, such as in the Asia -Pacific region, Latin America or Africa."

The German "Frankfurt Report" said on the 19th that Habeck wanted to slow down the business of German companies in China and publicly called for a tough policy to China. However, the latest survey of the newspaper shows that German large automakers and its suppliers continue to rely entirely on China, allowing Habeck's plans to be stranded. Whether it is Volkswagen, BMW, Mercedes -Benz, Bosch, ZF, Sheffler, or Mainland Group, they hope that they will not only continue to carry out business in China without disturbing, but even expand their business.

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