An investigation by German regional public broadcasters reported Wednesday that Scholz’s chancellery is pushing to approve efforts by Chinese state-owned shipping giant Cosco to buy a foothold in a container port in Hamburg, ignoring warnings from six federal ministries, including the Greens’ Vice Chancellor Robert Habeck, amid fears of risky economic over-dependence on Beijing.
This happened in 2022 and it was a minority share at one terminal, so hardly as worrisome as suggested in the headline.
In itself probably harmless, but the general trend is concerning. We need a common european strategy to reduce chinese influence. Too often in the EU individual members act too much in what they think is their own best interest without considering what’s best for the EU, forcing other members to do the same leaving everyone worse off than if they had all acted together.
