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Search resuls for: "Mikko Huotari"


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China became Germany's single biggest trade partner in 2016 and is a core market for top German companies including Volkswagen (VOWG_p.DE), BASF (BASFn.DE) and BMW (BMWG.DE). "They know German companies will run up direct channels to the chancellery," said Andrew Small, a senior fellow at the German Marshall Fund's Asia program. The talks come after Antony Blinken on Sunday became the first U.S. secretary of state to visit China in five years, stressing the importance of keeping open lines of communication to reduce the risk of miscalculation. The Chinese delegation will meet with some of those CEOs on Monday, according to people familiar with the plans. The Chinese delegation will head to Paris for an official visit and to attend a financial conference on June 22 to 23.
Persons: Olaf Scholz, Fabrizio Bensch, China Scholz, Scholz, Li Qiang, Li, Wang Yiwei, Andrew Small, Marshall, Mikko Huotari, Antony Blinken, Sarah Marsh, Andreas Rinke, Laurie Chen, John Geddie, Giles Elgood Organizations: REUTERS, Volkswagen, BASF, BMW, Centre, European Studies, Renmin University of China, Greens and Free Democrats, Social Democrats, Analysts, Mercator Institute for China Studies, Sunday, Thomson Locations: Berlin, Germany, China, Beijing, Munich BERLIN, Europe, European Union, Asia, Munich, Bavaria, Paris
Germany to unveil first-ever National Security Strategy
  + stars: | 2023-06-14 | by ( ) www.reuters.com   time to read: +3 min
BERLIN, June 13 (Reuters) - Chancellor Olaf Scholz's government is set to unveil Germany's first National Security Strategy on Wednesday which aims to provide an overview of the country's foreign policy and ensure a cohesive cross-ministry approach to security. Germany has had policy documents in the past addressing security but Scholz's three-way coalition agreed it wanted a more comprehensive strategy in its pact in November 2021. Scholz said Germany from now on would invest more than 2% of economic output on defence up from around 1.5% currently, after years of resisting pleas from NATO allies to do so - a pledge expected to be included in the National Security Strategy. The document is unlikely to go into Germany's policy on China at length, however, as the government is expected to publish a separate China strategy later this year. One of the most contentious issues was the idea of a National Security Council, which the government eventually abandoned due to disagreements over where it should be housed.
Persons: Olaf Scholz's, Germany's, Scholz, Nils Schmid, Mikko Huotari, Thorsten Benner, Sarah Marsh, Andreas Rinke, Lincoln Organizations: Security, National Security, Scholz's Social, Mercator Institute for China Studies, Greens, National Security Council, Global Public Policy Institute, Thomson Locations: BERLIN, Germany, Ukraine, Russia, China
"This would be the nail in the coffin for Huawei in Europe," said Paolo Pescatore, an analyst at PP Foresight. China has asked for Huawei to be one of the main points on the agenda, one of the sources familiar with the matter said. Germany's China hawks expressed outrage in March when a Reuters story revealed that German state rail operator Deutsche Bahn was using Huawei gear to digitalise its operations. Berlin in 2021 passed a law setting high hurdles for makers of telecommunications equipment for the "critical components" of 5G networks. It is estimated it would cost billions of euros to rip out and replace Huawei equipment in European countries, potentially burdening telecom companies already sitting on huge debts.
Persons: Paolo Pescatore, Andrew Small, Mikko Huotari, Sweden's, Sarah Marsh, Andreas Rinke, Supantha Mukherjee, Foo Yun Chee, Sergio Goncalves, Mark Potter Organizations: European, Huawei, Deutsche Telekom, Foresight, Deutsche Bahn, Mercator Institute for China Studies, Telecom, Nokia, Sweden's Ericsson, Thomson Locations: BERLIN, STOCKHOLM, Germany, Brussels, Berlin, Beijing, Europe, China, China's, Denmark, Portugal, West, U.S, Stockholm, Lisbon
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