The attitude of the German Ministry of Economics has changed? "China is increasing its investment in Germany, which is a good thing."

From November 2nd to 3rd, German Deputy Prime Minister and Federal Minister of Economics and Energy Sigmar Gabriel visited Chengdu, Sichuan, to attend the 16th Western China International Fair as Germany. He said that Germany is pleased to see the good momentum of Chinese companies going to Germany and will continue to welcome investment from China.

Gabriel led a delegation to China for a five-day visit from November 1st, and Chengdu was the second stop of the trip. However, since October, the German Federal Ministry of Economic Affairs has made a series of decisions in the field of Chinese companies' investment in Germany, which has brought some controversial topics to Gabriel's visit to China.

On October 16th, local time, the German media "World News" reported on Sunday that the German Federal Ministry of Economics plans to revise the law and give EU member states the power to refrain from non-EU capital acquisition of domestic enterprises under specified circumstances, mainly for restrictions. Acquisition of German companies.

On October 24, the German Ministry of Economic Affairs announced that it had withdrawn the previous non-objection certificate issued by the Fujian Hongxin Investment Fund (FCG) to acquire the German semiconductor giant Aixtron due to "some safety-related news". Restart the appropriate review process. The German business newspaper (Handelsblatt) revealed that these "security-related news" came from the US intelligence department.

On October 27th, the German Ministry of Economic Affairs confirmed that it would stop the rapid acquisition of LEDVANCE, a lighting brand of Osram, a German old lighting company, with the investment consortium led by Chinese LED equipment manufacturer Mulinsen. Investigate the case in depth.

According to the German "Weekly Weekly" (Wirtschaftswoche), in fact, the German Ministry of Economic Affairs has refused to issue a no-objection certificate for this acquisition.

On October 29, Gabriel wrote in the German newspaper Le Monde that China unilaterally set trade barriers and announced that Europe will further protect safety-related technologies in the future: "China has repeatedly increased the difficulty of European companies' direct investment in China. These companies will only be allowed to agree to discriminatory conditions. But it is more difficult for us to start a shopping trip with us with a long list of target companies."

These situations have raised concerns among relevant people. The German "Frankfurt Report" published an article signed by the Chinese Ambassador to Germany Shi Mingde on November 2, local time.

In the text, Shi Mingde expressed deep concern about Germany's increasingly rising protectionist tendencies.

He believes that China's investment in Germany only accounts for 0.3% of Germany's total foreign investment, equivalent to one-tenth of Germany's investment in China. It is in the interest of both parties to establish a two-way balanced investment relationship. However, China’s investment in Germany has encountered restrictions in its initial stage, which is obviously not conducive to the healthy development of bilateral economic and trade cooperation.

However, according to Reuters, Gabriel’s speech was very friendly during his visit to Chengdu. He praised the current prosperity of foreign-invested companies including Chinese-funded enterprises in Germany, stressing that Germany is a country that does not impose any restrictions on foreign investment in principle, except for security reasons. "China is increasing its investment in Germany, which is a good thing," Gabriel said.

In an interview with Sichuan Daily, Gabriel also said that Germany is willing to work with China to continue to create a fairer and more transparent environment for both companies to invest in the country. He denied that the German market has declined in openness and that the argument that Germany does not welcome Chinese investment is “exaggerated”.

He mentioned that the government's national security review of corporate mergers and acquisitions is an internationally accepted practice, and it is a very rare routine in Germany. Most mergers and acquisitions do not need to be declared or passed the review. Of the more than 350 investment applications in recent years, only 2 have been reviewed.

Gabriel told the Sichuan Daily: "German side is willing to assure China that Germany is a completely open market, the German government treats domestic enterprises equally and Chinese companies investing in Germany. I would like to once again represent the German government, the German Ministry of Economy and Energy. It is not only the economic department of German companies, but also the economic department of foreign-invested enterprises including Chinese-invested enterprises in Germany. We are willing to provide good services for foreign investment in Germany."

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