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Rachel More - 2 Juergen - 1 Matthes - 1 Reinhard Becker - 1 Thomas Escritt - 1 Olaf Scholz - 1 Li Qiang - 1 Fabrizio Bensch BERLIN - 1
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☆ 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: | 2023-08-09 | 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
☆ Analysis: Opaque energy prices muddy euro inflation picture
  + stars: | 2022-12-21 | by ( Yoruk Bahceli Valentina Consiglio | Yoruk Bahceli | Valentina Consiglio | ) www.reuters.com   time to read: +6 min
While the error margins are unlikely to distort euro inflation in the long-term, economists say they could warp inflation expectations if not addressed, at a time when the European Central Bank is raising rates aggressively to tame double-digit inflation. As falling energy prices will take time to be reflected in household contracts, the current methodology will underestimate inflation when energy prices fall, CBS said. More volatility could follow when Germany introduces a cap on energy prices in March, that will also cut costs for January and February retroactively, he said. Eurostat has said that only measures that have a direct impact on energy prices, known to consumers before they purchase the energy, should reflect in inflation calculations. FEEDTHROUGH RISKSWith inflation at 10%, the calculation issues are unlikely to significantly impact the aggregate euro zone inflation print.
☆ Energy supply improvements brighten Germany's economic picture -Ifo
  + stars: | 2022-11-22 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Nov 22 (Reuters) - Germany's economic picture has become slightly brighter, with improvements in gas supply, in particular, having an effect, the head of Germany's Ifo institute told Reuters on Tuesday. Clemens Fuest said an unexpected month-on-month fall in producer prices and easing supply chain disruptions are cause for optimism, but "the most important point is that the gas supply situation has brightened considerably". Fuest highlighted a warm October, full gas storage facilities and plans for liquefied natural gas (LNG) terminals as positive factors. Fuest said his statements were not a forecast for the upcoming Ifo business climate index to be released on Thursday. Analysts polled by Reuters expect the index to rise slightly in November to 85.0 after a reading of 84.3 the prior month.
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