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Germany’s China policy caps pain for its companies

July 14, 2023
Source: reuters.com reuters.com
News Snapshot:
LONDON, July 14 (Reuters Breakingviews) - German corporate bosses like Martin Brudermüller of chemicals giant BASF (BASFn.DE) and Thomas Schäfer of carmaker Volkswagen (VOWG_p.DE) have one less thing to worry about when it comes to China. So do their shareholders. Germany’s coalition government, long divided among its parties on how far Berlin should go to insulate itself from its biggest trading partner, has finally published its first strategy on the People’s Republic. Europe’s largest economy made it clear it’s now aligning more with Brussels and Washington on everything from supply chain risks and technology export controls to human rights concerns,...
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