German intelligence agencies believe that Chinese acquisitions of technology companies threaten the national security of the country. The Director of the Federal Constitution, Hans-Georg Maassen said that through acquisitions, Chinese companies have access to advanced technologies, to undermine the German economy.
According to Hans-Georg Maassen, the German secret services were pleasantly surprised that China has sharply reduced the scope of industrial espionage in the country. However, it soon became clear that China, instead of getting technology to legally using the liberal laws of Germany.
As an example, Maassen said the takeover of the German robot manufacturer kuka, the attempt of the Chinese power grid Corporation to get 20% in Germany, the network operator 50Herz and Geely’s acquisition of 10% in Daimler.
According to the Ministry of economy of Germany, the volume of transactions of Chinese companies, which bought the German company is $ 14 billion. In 2015 this figure is not exceeded 530 million dollars.
The main sectors that are experiencing growth in mergers and acquisitions in the robotics, automotive, aerospace and Biomedicine.
Germany is not the first year are sounding the alarm. Last summer, the President of the United States Donald trump initiated the investigation under article 301 of the trade Act of the United States.
However, in both cases the logic of the allegations is somewhat lame.
Because the Western companies to voluntarily accept Chinese investment. It’s one thing if the Intellectual property was obtained fraudulently, for example, through industrial espionage.
But in the case of a merger, the company initially know what to expect, as the business will never voluntarily harm itself. Therefore, Chinese offers are very attractive and fit into the logic of development of market relations, Liu Ying, researcher of the financial research Institute on Chunyang people’s University of China, told Sputnik.
“In fact, it is not surprising, as healthy close commercial relationship between China and Germany, and they have nothing to do with industrial espionage. After the purchase of the German partners, Chinese companies are also beneficial for the German side: in this way, the company gets fresh money and energy. In addition, the German companies to access the growing Chinese market, and they are very happy,” Liu Ying said.
According to the specialist, it becomes the new point of growth in the German economy. Combining forces of the two industrial powers only serves economic growth as China and Germany.
“No negative effects from it. Transnational corporations are buying up assets around the world. Now, after all, the price and production chains, supply chains have become more global. Thus, the global deployment, production, research and development, shopping online is a normal practice,” Liu Ying said.
He further noted that China’s activity in foreign markets has nothing to do with trade secrets and technical intelligence. Just China has become a global investor.
According In international cooperation in the framework of “one belt, one road” initiative strengthens, Chinese enterprises began to expand to the outside world, cooperation with foreign partners and to develop the localization of production. Of course, more acquisitions to take place.
In his speech at an economic forum in Boao, XI Jinping appeared as the defender of the free market parity and mutually beneficial trade relations. He reiterated China’s policy of further increasing the openness of the Chinese market to the outside world.
For many years China was the center of attraction of global investment, all thanks to its openness, Liu Ying said.
“Foreign companies can safely purchase the Chinese partners; many Chinese brands purchased by foreigners and this is happening for three reasons. First, in connection with the trend of economic globalization, and second, because of the openness of the Chinese market, thirdly, because of its rapid growth. So there are more foreign companies that own Chinese brands. But Chinese companies are developing, and therefore, foreign companies have also begun to buy, and there will be more such deals,” Liu Ying said.
Sourse: sputniknews.com
