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.
Any specific reason to post a year old article?
Never mind that politico is agenda driven trash.
Fuck Axel Springer publications. Why even spread this major source of misinformation here?
ignoring warnings from six federal ministries, including the Greens’ Vice Chancellor Robert Habeck, amid fears of risky economic over-dependence on Beijing.
Reality:
Cosco and HHLA have been working together for more than 40 years. Cosco and HHLA had entered into initial talks about a shareholding in June 2021. Cosco originally wanted to take over 35 percent of the terminal operating company. However, several federal ministries protested against this, so that the cabinet set the quota at below 25 percent in October last year to prevent Cosco from acquiring a blocking minority.
You should not use politico for your primary source of information. In the best case they get it half right, often not even that.
how much are they paying him?
or is he really that stupid?
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.
First they decide to get all their gas exclusively from Russia, which, as it happens, turned out not to be such a great idea. Now they want to sell their biggest port to China.
It seems that Germans just never learn.
Germany’s biggest mistake in the last 10 years was to follow America in starting conflicts with Russia. Maybe they have learned their lesson and do not want to repeat the same mistake with China.
Lets be real, China owns a minor share on one terminal, not the entire fucking harbor like in other EU countries…
We didn’t agree. He is elected and we can’t do anything about it. Trust me, most of us aren’t happy about that decision. We try to get rid of him in the next election. Selling tax payed public stuff to our disadvantage sadly has tradition in Germany (telephone lines, railroad)
