DIRS.INFO The most relevant business & tech news

German Chancellor Olaf Scholz's coalition unveiled in July a strategy toward de-risking Germany's economic relationship with China, calling Beijing a "partner, competitor and systemic rival". German investment in Asia excluding China is rising as a share of overall investment. "No company is going to say that it will leave China," said Sandra Ebner, senior economist at Union Investment, Germany's second-largest fund manager. "But what companies are increasingly doing is to produce in China for China and to position themselves around China for the remaining Asian or global market." In July, German Economy Minister Robert Habeck travelled to India with a delegation of executives to discuss opportunities for German companies.

Persons: Thomas Nuernberger, Nuernberger, Olaf Scholz's, Volker Treier, Munk, Ferdinand Munk, Scholz, Angela Merkel's, Martin Brudermueller, Max Zenglein, Juergen Matthes, Markus Horn, Matthias Bianchi, Joe Biden, Wolfgang Niedermark, Jan Roennfeld, Roennfeld, Sandra Ebner, BDI's Niedermark, Robert Habeck, Christoph Steitz, Sarah Marsh, Maria Martinez, Aditya Kalra, Sarita Chaganti Singh, Xinghui, Orathai, Brenda Goh Organizations: Reuters, Commerce and Industry, Volkswagen, Mercedes, Benz, BASF, IW Institute, Big, Mercator Institute for China Studies, Economic Institute, Horn, German Association of, Indonesian Chamber of Commerce, Union Investment, Thomson Locations: FRANKFURT, BERLIN, Berlin, Beijing, China, Taiwan, India, Asia, Germany, Europe, Vietnam, South Korea, Indonesia, South China, European, Thailand, United States, Mexico, Indonesian, Eastern Germany, Malaysia, Frankfurt, New Delhi, Xinghui Kok, Singapore, Bangkok, Shanghai

However, that was still nearly twice as much as the 5.5 billion euros invested in 2019, before the coronavirus pandemic hit. Reuters GraphicsOverall German direct investment flows dropped more sharply, to 63 billion euros from 104 billion euros last year, as Europe's largest economy battled recession. "Although the German economy is overall investing much less abroad, new direct investments in China remain nearly as high as before." Matthes pointed out that investments in the rest of Asia as a share of Germany's overall investments was also rising. "It is notable that nearly a quarter of German direct investment flows recently went to Asia," he said.

Persons: Thomas Peter, Juergen Matthes, Matthes, Sarah Marsh, Friederike Heine, Christina Fincher Organizations: REUTERS, Rights, Investment, Reuters, Reuters Graphics, Volkswagen, BASF, Thomson Locations: Beijing, China, Asia

☆ China fast encroaching on Germany's share of EU markets - study
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

A study by the employers' economic think tank IW found that in some sectors China's share of EU imports had risen as much as or more in the two years to 2022 as they had in the preceding decade, prompting the think tank to warn that there was a risk of Germany's economic motor stalling. "These findings give cause to worry given the challenges of the energy change and problems with Germany's competitiveness," said researcher Juergen Matthes. Among the challenges the study listed was the role played by Chinese state subsidies in many sectors where Chinese companies were taking an increasing EU market share, and while high energy costs following the loss of Russian gas were weakening energy-intensive sectors like chemicals. High energy costs were also a drag on automotive exports at a time when Chinese e-vehicle makers were starting to conquer the European market, Matthes added. Reporting by Reinhard Becker, writing by Thomas Escritt, editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

Persons: Juergen, Matthes, Reinhard Becker, Thomas Escritt, Rachel More Organizations: European Union, EU, Thomson Locations: Germany, Ukraine

☆ China targeting German tech 'through back door' with licences: report
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: +1 min

(Photo by John MACDOUGALL / AFP) (Photo by JOHN MACDOUGALL/AFP via Getty Images)China is going after licences to boost its access to German technology as investment regulation makes company acquisitions in the sector increasingly difficult, the Handelsblatt newspaper reported on Wednesday, citing a study. The study conducted by the IW economic institute, analysing Bundesbank data on behalf of the newspaper, found German licence revenues from China more than tripled in 2022 compared to 2014. Compared with 2020, the increase was about half. "There is a clear early indication that Chinese companies are looking for a new way to get access to German technology," said Juergen Matthes, head of IW's global and regional markets research unit. Tech licences are one way for China to try to get in "through the back door", he told Reuters.

Persons: John MACDOUGALL, JOHN MACDOUGALL, Juergen Matthes Organizations: AFP, Getty Images, Tech, Reuters Locations: Berlin, Germany, China, Russia

☆ China targeting German tech 'through back door' with licences - report
▼ + stars: | 2023-08-09 | by ( Reinhard Becker | ) www.reuters.com time to read: +2 min

The flags of Germany and China are seen ahead of a meeting between German Chancellor Olaf Scholz and Chinese Premier Li Qiang in Berlin, Germany, June 19, 2023. REUTERS/Fabrizio BenschBERLIN, Aug 9 (Reuters) - China is going after licences to boost its access to German technology as investment regulation makes company acquisitions in the sector increasingly difficult, the Handelsblatt newspaper reported on Wednesday, citing a study. Tech licences are one way for China to try to get in "through the back door", he told Reuters. As a result, direct investments and takeover bids by Chinese companies have attracted scrutiny in Berlin in recent months. Through licensing agreements, Chinese companies can gain legal permission to use German technology.

Persons: Olaf Scholz, Li Qiang, Fabrizio Bensch BERLIN, Juergen Matthes, China's Cosco, Rachel More, Kirsti Knolle, Sharon Singleton Organizations: REUTERS, Tech, Reuters, Thomson Locations: Germany, China, Berlin, Russia, Hamburg

Search resuls for: "Juergen Matthes"

5 mentions found