#Court #818Rally #PoliticalPersecution
German Parliament Member: We should not give up on Hong Kong democracy advocates
In Hong Kong, a number of pro-democracy figures in Hong Kong were accused of "organising and participating in the an assembly at Victoria Park on August 18, 2019 during the Anti-ELAB movement.
Among them were Lee Chu-Ming, Founding Chairman of the Democratic Party; Margaret Ng Ngoi-Yee, barrister and ex-Legislative Councillor; and Jimmy Lai Chee-ying, Founder of Apple Daily. They were charged of "oganising and taking part in an unauthorised assembly". The trial began in court on Feb 16, 2021.
In Germany, #GydeJensen, the youngest female member of the #GermanParliament, showed support for the pro-democracy activists in Hong Kong. She uploaded photos of her holding up a sign which said “WE STAND WITH HONGKONG”. She also mentioned that she had made motion in the parliament, urging #Germany and the #EU to show more concern on human rights issues.
Jensen stated that the prosecution of the pro-democracy figures was undoubtedly a political one, and was part of Xi Jinping’s plan to silence the democratic movement in Hong Kong, so that Hong Kong people would give up their hope on freedom and democracy.
Jensen warns that the agenda also applied to the international level. She stressed that international figures could not let themselves get numbed by Hong Kong’s current situation, nor give up on Hong Kong’s democratic advocates.
Source: Stand News #Feb17
#GlobalSupport #JimmyLai #MargaretNg #StandWithHongKong #InternationalSociety
German Parliament Member: We should not give up on Hong Kong democracy advocates
In Hong Kong, a number of pro-democracy figures in Hong Kong were accused of "organising and participating in the an assembly at Victoria Park on August 18, 2019 during the Anti-ELAB movement.
Among them were Lee Chu-Ming, Founding Chairman of the Democratic Party; Margaret Ng Ngoi-Yee, barrister and ex-Legislative Councillor; and Jimmy Lai Chee-ying, Founder of Apple Daily. They were charged of "oganising and taking part in an unauthorised assembly". The trial began in court on Feb 16, 2021.
In Germany, #GydeJensen, the youngest female member of the #GermanParliament, showed support for the pro-democracy activists in Hong Kong. She uploaded photos of her holding up a sign which said “WE STAND WITH HONGKONG”. She also mentioned that she had made motion in the parliament, urging #Germany and the #EU to show more concern on human rights issues.
Jensen stated that the prosecution of the pro-democracy figures was undoubtedly a political one, and was part of Xi Jinping’s plan to silence the democratic movement in Hong Kong, so that Hong Kong people would give up their hope on freedom and democracy.
Jensen warns that the agenda also applied to the international level. She stressed that international figures could not let themselves get numbed by Hong Kong’s current situation, nor give up on Hong Kong’s democratic advocates.
Source: Stand News #Feb17
#GlobalSupport #JimmyLai #MargaretNg #StandWithHongKong #InternationalSociety
Germany's UN envoy urged China to release the 2 captive Canadians, China replied “Good Riddance”
Christoph Heusgen, UN envoy of Germany, attended his last meeting of the Security Council on Tuesday (Dec 22). At the meeting, he call on China to free the two detained Canadian citizens, but China deputy UN envoy Geng Shuang promptly respond with “good riddance”.
As Germany end its 2-years term as non-permanent member of the UN Security Council this month, and Ambassador Christoph Heusgen's retirement after being a diplomat for over 40 years. He utilises his parting message to call on China, “Let me end my tenure on the Security Council by appealing to my Chinese colleagues to ask Beijing for the release of Michael Kovrig and Michael Spavor. Christmas is the right moment for such a gesture,”
However, Geng accused Huesgen of abusing the Security Council to launch “malicious” attack on other members “in an attempt to poison the working atmosphere.” He said, “I wish to say something out of the bottom of my heart: Good riddance, Ambassador Heusgen. I am hoping that the council in your absence in the year 2021 will be in a better position to fulfill the responsibilities...for maintaining international peace and security.”
#GengShuang #ChristophHuesgen #China #Germany #Canada #UN #SecurityCouncil #MichaelKovrig #MichaelSpavor
Source: Apple daily #Dec23
https://hk.appledaily.com/international/20201223/Z5NPPCONDZC6HHRDMAUPUVM2YU/
Christoph Heusgen, UN envoy of Germany, attended his last meeting of the Security Council on Tuesday (Dec 22). At the meeting, he call on China to free the two detained Canadian citizens, but China deputy UN envoy Geng Shuang promptly respond with “good riddance”.
As Germany end its 2-years term as non-permanent member of the UN Security Council this month, and Ambassador Christoph Heusgen's retirement after being a diplomat for over 40 years. He utilises his parting message to call on China, “Let me end my tenure on the Security Council by appealing to my Chinese colleagues to ask Beijing for the release of Michael Kovrig and Michael Spavor. Christmas is the right moment for such a gesture,”
However, Geng accused Huesgen of abusing the Security Council to launch “malicious” attack on other members “in an attempt to poison the working atmosphere.” He said, “I wish to say something out of the bottom of my heart: Good riddance, Ambassador Heusgen. I am hoping that the council in your absence in the year 2021 will be in a better position to fulfill the responsibilities...for maintaining international peace and security.”
#GengShuang #ChristophHuesgen #China #Germany #Canada #UN #SecurityCouncil #MichaelKovrig #MichaelSpavor
Source: Apple daily #Dec23
https://hk.appledaily.com/international/20201223/Z5NPPCONDZC6HHRDMAUPUVM2YU/
China has tried to intimidate Hong Kong activists in Germany, Berlin says
China has tried to intimidate Hong Kong residents living in Germany since pro-democracy protests broke out in the city two years ago.
The letter to the head of parliament’s human rights committee mentioned the increasing attempts by Chinese state actors in Germany to influence public opinion in favour of the Chinese government since the start of the protests in Hong Kong. Also, it citied that the Chinese pro-government counter-demonstrators filmed and photographed participants “presumably for the purpose of intimidation” in the protest of supporting Hong Kong activists in Hamburg on Aug. 17, 2019.
Jensen, a member of the liberal FDP party said it was about time that the German government realised that actors for the Chinese government could pose a threat to exiled Hong Kongers.
Source: Reuters #Feb23
https://reut.rs/2ZGgUsC
#Germany #China #HongKongActivist #ChinaIntimidate
China has tried to intimidate Hong Kong residents living in Germany since pro-democracy protests broke out in the city two years ago.
The letter to the head of parliament’s human rights committee mentioned the increasing attempts by Chinese state actors in Germany to influence public opinion in favour of the Chinese government since the start of the protests in Hong Kong. Also, it citied that the Chinese pro-government counter-demonstrators filmed and photographed participants “presumably for the purpose of intimidation” in the protest of supporting Hong Kong activists in Hamburg on Aug. 17, 2019.
Jensen, a member of the liberal FDP party said it was about time that the German government realised that actors for the Chinese government could pose a threat to exiled Hong Kongers.
Source: Reuters #Feb23
https://reut.rs/2ZGgUsC
#Germany #China #HongKongActivist #ChinaIntimidate
Germany is supplying Uighur ‘gulag’ in Xinjiang
German companies are supplying the technical backbone for the vast textile industry in the Chinese province of Xinjiang, where at least half a million members of the persecuted Uighur minority have allegedly been forced to labour in the cotton fields.
Leaked trade figures from the Chinese customs authority underline the extent of Germany’s commercial entanglement in the region despite numerous claims of human rights abuses and “cultural genocide”.
Source: Times #Feb19
https://www.thetimes.co.uk/article/germany-is-supplying-uighur-gulag-in-xinjiang-n3lqv7vmc
#Germany #Uighur #Xinjiang #HumanRights
German companies are supplying the technical backbone for the vast textile industry in the Chinese province of Xinjiang, where at least half a million members of the persecuted Uighur minority have allegedly been forced to labour in the cotton fields.
Leaked trade figures from the Chinese customs authority underline the extent of Germany’s commercial entanglement in the region despite numerous claims of human rights abuses and “cultural genocide”.
Source: Times #Feb19
https://www.thetimes.co.uk/article/germany-is-supplying-uighur-gulag-in-xinjiang-n3lqv7vmc
#Germany #Uighur #Xinjiang #HumanRights
Germany slams Hungary for blocking EU criticism of China on Hong Kong
German Foreign Minister Heiko Maas on Monday lambasted Hungary for an “absolutely incomprehensible” decision to block an EU statement accusing Beijing of cracking down on democracy in Hong Kong.
EU foreign ministers have been unable to adopt the text even though diplomats said it had already been watered down to get Hungary’s backing. EU foreign policy decisions require unanimity to pass.
“This is not the first time that Hungary has broken away from [the EU’s] unity when it comes to the issue of China,” Maas told reporters after the latest meeting of the bloc’s Foreign Affairs Council on Monday.
Source: Politico #May11
https://t.co/ScFSOubnp3
#Hungary #Germany #Hungary #EU #China #HongKong
German Foreign Minister Heiko Maas on Monday lambasted Hungary for an “absolutely incomprehensible” decision to block an EU statement accusing Beijing of cracking down on democracy in Hong Kong.
EU foreign ministers have been unable to adopt the text even though diplomats said it had already been watered down to get Hungary’s backing. EU foreign policy decisions require unanimity to pass.
“This is not the first time that Hungary has broken away from [the EU’s] unity when it comes to the issue of China,” Maas told reporters after the latest meeting of the bloc’s Foreign Affairs Council on Monday.
Source: Politico #May11
https://t.co/ScFSOubnp3
#Hungary #Germany #Hungary #EU #China #HongKong
China Reportedly Urges UN Members to Boycott Xinjiang-Related Issues and Denounces Botched Anti-China Performance
According to Reuters, the UN representatives, such as Germany, the US and the UK originally planned to have a video meeting for Xinjiang human rights issues. It is reported that the Permanent Mission of China to the United Nations criticized the relevant activities for political motives and “anti-China” and sent letters requesting other member states to boycott activities.
Reuters gain a note by the Permanent Mission of China to the United Nations, criticizing the European member states such as Germany, United States, England, Australia, and Canada, to hold the activities of using “human rights issues” as a political tool to intervene China Xinjiang’s affairs, and to create division and turmoil in China’s development. China criticized that the related countries got addicted to advocate confrontation with China, stated those activities involved political motivation, and urged other member states not to participate in “anti-China activities”.
The report stated, ambassadors of the US, Germany, and the UK at the United Nations originally planned to speak out in the activity and invited the CEO of Human Rights Watch, Ken Roth, and the Secretary-General of Amnesty International, Agnes Callamard, for participation. It mainly discussed how the United Nations and civil society support and speak out for human rights issues of Xinjiang Turks and other ethnic minorities.
Source: Stand News #May08
https://bit.ly/3hP3rJh
#China #Beijing #Xinjiang #Uyghurs #Turks #Minorities #HumanRights #SexualAbused #AntiChina #UnitedNations #UN #UnitedStates #US #Germany #England #UK #Australia #Canada #HumanRightsWatch #AmnestyInternational
According to Reuters, the UN representatives, such as Germany, the US and the UK originally planned to have a video meeting for Xinjiang human rights issues. It is reported that the Permanent Mission of China to the United Nations criticized the relevant activities for political motives and “anti-China” and sent letters requesting other member states to boycott activities.
Reuters gain a note by the Permanent Mission of China to the United Nations, criticizing the European member states such as Germany, United States, England, Australia, and Canada, to hold the activities of using “human rights issues” as a political tool to intervene China Xinjiang’s affairs, and to create division and turmoil in China’s development. China criticized that the related countries got addicted to advocate confrontation with China, stated those activities involved political motivation, and urged other member states not to participate in “anti-China activities”.
The report stated, ambassadors of the US, Germany, and the UK at the United Nations originally planned to speak out in the activity and invited the CEO of Human Rights Watch, Ken Roth, and the Secretary-General of Amnesty International, Agnes Callamard, for participation. It mainly discussed how the United Nations and civil society support and speak out for human rights issues of Xinjiang Turks and other ethnic minorities.
Source: Stand News #May08
https://bit.ly/3hP3rJh
#China #Beijing #Xinjiang #Uyghurs #Turks #Minorities #HumanRights #SexualAbused #AntiChina #UnitedNations #UN #UnitedStates #US #Germany #England #UK #Australia #Canada #HumanRightsWatch #AmnestyInternational
立場新聞 Stand News
中國據報促聯合國成員國杯葛涉疆議題活動 維族婦女美國會作證指遭性侵虐待 北京斥拙劣反華表演 | 立場報道 | 立場新聞
《路透社》報道,德國、美國及英國等聯合國代表,原定下周三(12日)就新疆人權問題舉行視像活動,據報中國常駐聯合...
Germany calls on China to allow further investigations into COVID origins
German Health Minister Jens Spahn called on China to make it possible for investigations into the origins of the COVID-19 pandemic to continue, saying more information was needed.
Speaking during a visit to the World Health Organization headquarters in Geneva on Thursday, Spahn also announced a 260 million euro ($307 million) donation to WHO's ACT-Accelerator programme, which aims to ensure the entire world, including poorer countries, receive coronavirus vaccines and tests.
"I call on China to make it possible for the investigations into the origins of COVID to be continued," he said.
Source: Reuters #Jul15
https://reut.rs/3itCQk3
#Germany #China #Covid19
German Health Minister Jens Spahn called on China to make it possible for investigations into the origins of the COVID-19 pandemic to continue, saying more information was needed.
Speaking during a visit to the World Health Organization headquarters in Geneva on Thursday, Spahn also announced a 260 million euro ($307 million) donation to WHO's ACT-Accelerator programme, which aims to ensure the entire world, including poorer countries, receive coronavirus vaccines and tests.
"I call on China to make it possible for the investigations into the origins of COVID to be continued," he said.
Source: Reuters #Jul15
https://reut.rs/3itCQk3
#Germany #China #Covid19
Germany Sent Warship to South China Sea in Nearly 20 Years
China has many disputes on the South China Sea Sovereignty with many countries. Germany sent a warship to the South China Sea on Monday (Aug 2), the first such activity in nearly 20 years. The aim is to maintain international stability. They stated that the warship would not enter the 12-mile range from the disputing sovereignty area.
Deutsche Welle said that Germany sent Frigate Bayern for a 6-months voyage, during which it would refill the needs from the ports from the allies. Germany might show their disagreements with the Chinese sovereignty at the South China Sea when the warship bypassed the area, which would affect the China-Germany relation. However, an official from the German Ministry of Defense stated that Frigate Bayern would not enter 12-mile of the disputing area nor the Taiwan Strait.
#Germany #FrigateBayern #Warship #SouthChinaSea #Sovereignty #China #DeutscheWelle
Source: Stand News #Aug03
https://bit.ly/3xKrai9
China has many disputes on the South China Sea Sovereignty with many countries. Germany sent a warship to the South China Sea on Monday (Aug 2), the first such activity in nearly 20 years. The aim is to maintain international stability. They stated that the warship would not enter the 12-mile range from the disputing sovereignty area.
Deutsche Welle said that Germany sent Frigate Bayern for a 6-months voyage, during which it would refill the needs from the ports from the allies. Germany might show their disagreements with the Chinese sovereignty at the South China Sea when the warship bypassed the area, which would affect the China-Germany relation. However, an official from the German Ministry of Defense stated that Frigate Bayern would not enter 12-mile of the disputing area nor the Taiwan Strait.
#Germany #FrigateBayern #Warship #SouthChinaSea #Sovereignty #China #DeutscheWelle
Source: Stand News #Aug03
https://bit.ly/3xKrai9
German Media Criticized China as a “Soulless Medal Factory”,
14-year-old Gold Medallist Practices Diving Hard for her Sick Mother
Tokyo Olympics ended on 8 August which China is almost the champion for having the most Olympics gold medals. However, its “national system” of training athletes to win glory has been controversial. Suddeutche Zeitung recently described China as a “soulless medal factory” in an article. The 14 years old Olympics champion Quan Hongchan, also known as the “diving genius”, was mentioned in the previous interview that she was tricked into diving due to her poor academic results and the incentives to get medical treatment for her sick mother. She has to dive more than a hundred times a day and nearly 300 times on land that she only stay at home during the holidays and has never been to amusement parks or zoos.
Some Weibo netizens lamented the poor treatment of athletes by the national team and felt very distressed. After she won the award, many Chinese snack brands offered to give away her favourite snack, and some mainland companies also gave away a house, a shop, and RMB $200,000 in cash.
Moreover, a Weibo public account, “Middle-Class Life Observation”, posted a comment, but was being banned at the moment, stated that because Quan was too young to be sensible to thank the party and the country. Instead, she directly said that she once wanted to give up but revealed her wills to make money to treat her mother’s illness by working hard. However, she had no idea what kind of disease her mother has as she did not know how to pronounce those words. It is questionable that Quan, who started diving at the age of 7, may not receive a good education at all, making her speech “difficult to beautify”.
Source: Stand News #Aug07
https://bit.ly/3ybucw8
#Olympics #Tokyo #China #Germany #Diving #Weibo #Athletes #Education #QuanHongchan #Diving #SuddeutcheZeitung
14-year-old Gold Medallist Practices Diving Hard for her Sick Mother
Tokyo Olympics ended on 8 August which China is almost the champion for having the most Olympics gold medals. However, its “national system” of training athletes to win glory has been controversial. Suddeutche Zeitung recently described China as a “soulless medal factory” in an article. The 14 years old Olympics champion Quan Hongchan, also known as the “diving genius”, was mentioned in the previous interview that she was tricked into diving due to her poor academic results and the incentives to get medical treatment for her sick mother. She has to dive more than a hundred times a day and nearly 300 times on land that she only stay at home during the holidays and has never been to amusement parks or zoos.
Some Weibo netizens lamented the poor treatment of athletes by the national team and felt very distressed. After she won the award, many Chinese snack brands offered to give away her favourite snack, and some mainland companies also gave away a house, a shop, and RMB $200,000 in cash.
Moreover, a Weibo public account, “Middle-Class Life Observation”, posted a comment, but was being banned at the moment, stated that because Quan was too young to be sensible to thank the party and the country. Instead, she directly said that she once wanted to give up but revealed her wills to make money to treat her mother’s illness by working hard. However, she had no idea what kind of disease her mother has as she did not know how to pronounce those words. It is questionable that Quan, who started diving at the age of 7, may not receive a good education at all, making her speech “difficult to beautify”.
Source: Stand News #Aug07
https://bit.ly/3ybucw8
#Olympics #Tokyo #China #Germany #Diving #Weibo #Athletes #Education #QuanHongchan #Diving #SuddeutcheZeitung
立場新聞 Stand News
德媒評中國「沒靈魂的獎牌工廠」 14 歲金牌得主全紅嬋稱為醫病母苦練跳水 | 立場報道 | 立場新聞
東京奧運明天(8 日)結束,中國目前奧運金牌數位列第一,但其「舉國體制」訓練運動員為國爭光一直備受爭議,《南德...
More than 20 Diplomats in Beijing Calling China to Release the 2 Arrested Canadians;
China Criticizes Canada for “Gathering Nations and Confusing Right and Wrong”.
Canadian merchant Michael Spavor was being convicted of espionage by a Chinese court and sentenced to 11-year imprisonment. Canadian Foreign Minister Marc Garneau criticized the trial process as a sham trial, being unfair and Opaque.
Diplomats from more than 20 countries, including the United States, Japan, United Kingdom, Australia, Germany, and the EU, gathered at the Canadian Embassy in Beijing to show their supports. They urged to have a fair trial or a release of Michael Spavor and Michael Kovrig. China's Ministry of Foreign Affairs criticized Canada for “gathering individual countries, disregarding the facts and confusing the right and wrong”.
Canadian Foreign Minister Marc Garneau stated in the live broadcast at CTV Television Network on August 11 that the sentence is a lack of fairness and transparency. He also indicated that “We are known that arbitrary detention of China and a sham trial with a lack of transparency and with an unreasonable judgement do not match the International Law”. He continued that the Canadian government was negotiating with Senior officials from China and the US, finding the solution to release both. However, Marc did not reveal any details.
Source: Stand News #Aug12
https://bit.ly/3jaPXb4
#Canada #China #Japan #UnitedStates #UnitedKingdom #Australia #Germany #EU #Embassy #ShamTrial #Transparency #Unfairness #ForeignAffairs #MichaelKovrig #MichaelSpavor #MarcGarneau
China Criticizes Canada for “Gathering Nations and Confusing Right and Wrong”.
Canadian merchant Michael Spavor was being convicted of espionage by a Chinese court and sentenced to 11-year imprisonment. Canadian Foreign Minister Marc Garneau criticized the trial process as a sham trial, being unfair and Opaque.
Diplomats from more than 20 countries, including the United States, Japan, United Kingdom, Australia, Germany, and the EU, gathered at the Canadian Embassy in Beijing to show their supports. They urged to have a fair trial or a release of Michael Spavor and Michael Kovrig. China's Ministry of Foreign Affairs criticized Canada for “gathering individual countries, disregarding the facts and confusing the right and wrong”.
Canadian Foreign Minister Marc Garneau stated in the live broadcast at CTV Television Network on August 11 that the sentence is a lack of fairness and transparency. He also indicated that “We are known that arbitrary detention of China and a sham trial with a lack of transparency and with an unreasonable judgement do not match the International Law”. He continued that the Canadian government was negotiating with Senior officials from China and the US, finding the solution to release both. However, Marc did not reveal any details.
Source: Stand News #Aug12
https://bit.ly/3jaPXb4
#Canada #China #Japan #UnitedStates #UnitedKingdom #Australia #Germany #EU #Embassy #ShamTrial #Transparency #Unfairness #ForeignAffairs #MichaelKovrig #MichaelSpavor #MarcGarneau
立場新聞 Stand News
廿多國外交官北京聲援加拿大 促請中方釋放兩加籍被捕人 中方批「糾集個別國家、混淆是非」 | 立場報道 | 立場新聞
加拿大商人斯帕弗(Michael Spavor)被中國法院裁定間諜罪名成立,判囚11年,加拿大外交部長加爾諾批...
China Rejected the German Frigate Bayern to Stay in Shanghai Harbour
Maria Adebahr, Spokesperson of the German Foreign Ministry, indicated, “China decided to reject Frigate Bayern entering the Shanghai harbour after consideration”.
Germany dispatched the Frigate Bayern to cruise in the South China Sea in early August. It is the first time for Germany to pass through the South China Sea in 20 years, where involves sovereignty disputes. Annegret Kramp-Karrenbauer, German Defence Minister, said this action's target is to maintain international order, being consistent with Britain, the United States, Japan and other allies in the Indo-Pacific region. In March, she expressed her annoyance on Twitter about China’s military threats. She believed Germany should corporate where they can be corporated with China and oppose if unnecessary.
Source: Stand News #Sep16
https://bit.ly/3aIRQqB
#China #Shanghai #Germany #ForeignAffairs #FrigateBayern #SouthChinaSea #Twitter #UK #US #Japan #IndoPacificRegion
Maria Adebahr, Spokesperson of the German Foreign Ministry, indicated, “China decided to reject Frigate Bayern entering the Shanghai harbour after consideration”.
Germany dispatched the Frigate Bayern to cruise in the South China Sea in early August. It is the first time for Germany to pass through the South China Sea in 20 years, where involves sovereignty disputes. Annegret Kramp-Karrenbauer, German Defence Minister, said this action's target is to maintain international order, being consistent with Britain, the United States, Japan and other allies in the Indo-Pacific region. In March, she expressed her annoyance on Twitter about China’s military threats. She believed Germany should corporate where they can be corporated with China and oppose if unnecessary.
Source: Stand News #Sep16
https://bit.ly/3aIRQqB
#China #Shanghai #Germany #ForeignAffairs #FrigateBayern #SouthChinaSea #Twitter #UK #US #Japan #IndoPacificRegion
#DeutscheBank CEO warns recession is inevitable, says #Germany must cut reliance on #China
Source: CNBC #Sept7
Read more
⬇️⬇️⬇️
Source: CNBC #Sept7
Read more
⬇️⬇️⬇️
#DeutscheBank CEO warns recession is inevitable, says #Germany must cut reliance on #China
//The German economy stagnated in the second quarter, while producer price inflation hit a record high in July. The German finance ministry cited reduced gas supplies from Russia, rising costs of energy and other goods, and persistent supply chain disruptions in part due to China's "zero-Covid" policy...
"When it comes to dependencies, we also have to face the awkward question of how to deal with China. Its increasing isolation and growing tensions, especially between China and the United States, pose a considerable risk for Germany," Sewing said, adding that China had become a "cornerstone" of the German economy.
He highlighted that China accounts for around 8% of German exports and 12% of imports, while more than one-tenth of the sales of companies listed on the country's DAX stock index go to China, adding that the pandemic made clear the extent to which German supply chains rely on Russia.
"Reducing this dependency will require a change no less fundamental than decoupling from Russian energy," he said.//
Source: CNBC #Sept7
https://www.cnbc.com/2022/09/07/deutsche-bank-ceo-warns-of-recession-says-germany-must-cut-china-reliance.html
#Inflation #Recession #WorldEconomy
//The German economy stagnated in the second quarter, while producer price inflation hit a record high in July. The German finance ministry cited reduced gas supplies from Russia, rising costs of energy and other goods, and persistent supply chain disruptions in part due to China's "zero-Covid" policy...
"When it comes to dependencies, we also have to face the awkward question of how to deal with China. Its increasing isolation and growing tensions, especially between China and the United States, pose a considerable risk for Germany," Sewing said, adding that China had become a "cornerstone" of the German economy.
He highlighted that China accounts for around 8% of German exports and 12% of imports, while more than one-tenth of the sales of companies listed on the country's DAX stock index go to China, adding that the pandemic made clear the extent to which German supply chains rely on Russia.
"Reducing this dependency will require a change no less fundamental than decoupling from Russian energy," he said.//
Source: CNBC #Sept7
https://www.cnbc.com/2022/09/07/deutsche-bank-ceo-warns-of-recession-says-germany-must-cut-china-reliance.html
#Inflation #Recession #WorldEconomy
CNBC
Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China
Deutsche Bank CEO Christian Sewing has warned that a recession in Germany is inevitable, and urged the country's leaders to accelerate its decoupling from China.
Germany Proposed to Sop the Trade with Cosco Shipping International
The German government proposes to refuse Cosco Shipping International (00517) being listed as the largest company at the Hamburg cargo terminal. It can avoid excessive reliance on China and let the mainland face obstruction on overseas acquisition.
German media said that most German politicians have doubts about COSCO taking a stake in the Hamburg Terminal. They are not willing to pass the fundamental infrastructure to the Chinese people.
The Germany Financial Minister, Robert Habeck, worries that Cosco Shipping's stake will increase Germany's reliance on China. Therefore, he intends to disagree with this trade.
Hamburg is currently the third-largest European terminal and the 19th-largest port in the world.
Source: Channel C #Aug25
https://bit.ly/3KlwiBp
#Germany #Hamburg #FinancialMinister #RobertHabeck #CoscoShippingInternational
The German government proposes to refuse Cosco Shipping International (00517) being listed as the largest company at the Hamburg cargo terminal. It can avoid excessive reliance on China and let the mainland face obstruction on overseas acquisition.
German media said that most German politicians have doubts about COSCO taking a stake in the Hamburg Terminal. They are not willing to pass the fundamental infrastructure to the Chinese people.
The Germany Financial Minister, Robert Habeck, worries that Cosco Shipping's stake will increase Germany's reliance on China. Therefore, he intends to disagree with this trade.
Hamburg is currently the third-largest European terminal and the 19th-largest port in the world.
Source: Channel C #Aug25
https://bit.ly/3KlwiBp
#Germany #Hamburg #FinancialMinister #RobertHabeck #CoscoShippingInternational