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Read previewWestern countries are lining up to call out China for its barrage of cheap exports that are flooding the world's markets. "We will continue to monitor the potential negative impacts of overcapacity and will consider taking steps to ensure a level playing field, in line with World Trade Organization (WTO) principles." China pushes back on criticism, industrial profits rose in AprilBeijing has consistently resisted the West's criticism that it is dumping cheap goods on the world market. Chinese authorities say the West's accusations are protectionist and aimed at containing China's economic growth. In April, profits at China's industrial companies rose 4% from a year ago, reversing a drop in March, according to official statistics released on Monday.
Persons: , Janet Yellen, Olaf Scholz, Bruno Le Maire, Yu Weining, Joe Biden, Biden, Josh Lipsky, Lipsky Organizations: Service, Business, EU, Bloomberg, World Trade Organization, China's Commerce Ministry, European Commission, International Monetary Fund Locations: China, France, Stresa, Italy, Beijing, United States
Read previewEuropean countries are preparing to reveal plans for a $4.3 billion Iron Dome-style air and missile defense system, Poland's prime minister announced on Monday. The European Sky Shield Initiative, or ESSI, is conceived as a means to jointly procure ground-based interoperable air defense systems. There is no reason for Europe not to have its missile defense shield," Tusk said, per The Telegraph. Related storiesIsrael's Iron Dome has long been seen as one of the world's most advanced air defense systems, protecting the country's skies from rockets and other projectiles. AdvertisementWhile a direct hot-war attack by Russia on NATO Europe is not considered an immediate likelihood, many countries — particularly those that border Russia — are deeply alarmed.
Persons: , . Donald Tusk, Tusk, ESSI, Olaf Scholz, It's, Andrzej Duda Organizations: Service, AVN, European Council, Kyiv Post, Business, Sky Shield Initiative, Telegraph, NATO, Patriots, IRIS Locations: Kyiv, Israel, Europe, Russia, Iran, NATO Europe, Ukraine, Germany, Austria, Switzerland, Turkey, Greece, German, ESSI
That’s scary.” If Trump is elected, Jörg is convinced, he would withdraw American troops from Europe and stop aid to Ukraine. Jim Bourg/AFP/Getty ImagesSix months ahead of the vote, this soccer field conversation reflects the German view of the US elections quite well. Kirill Kudryavtsev/AFP/Getty ImagesIt’s an optimistic view, based on the assumption that Trump will act rationally, as a deal-maker, if elected. What if Trump tries to take America out of NATO or creates a “dormant NATO,” a NATO existent only in name? Another Trump presidency would not only put Germany’s security at risk, but also manifest this view of the US for another four years.
Persons: Thomas Ernst Editor’s, Anna Sauerbrey, Read, , , Jörg, Miguel, Donald Trump, , “ Trump, Trump, “ I’m, Piero, Joe Biden, Jim Bourg, Europe’s, Russia “, Olaf Scholz, Michael Kappeler, ” Scholz, mums, Annalena Baerbock, Greg Abbott, Biden, Kirill Kudryavtsev, George H, Bush’s, Barack Obama, Obama, Heinz M, Schahina Gambir, Gambir, Roe, Wade, Bob Parent Organizations: Zeit, Berlin CNN —, Köpenicker FC, CNN, Biden, Trump, Getty, NATO, Republican, European Union, European Central Bank, EU, , Dallas Mavericks, Mavericks, LA Clippers, NBA, Green, Bundestag Locations: Berlin, America, Taiwan, Europe, Ukraine, Italy, AFP, Gaza, Germany, Russia, United States, Trump, Texas, China, Poland, France, Frankfurt, Kabul, New York City, New York
Chinese state media played up the warm diplomacy, with headlines proclaiming China’s “ironclad” bond with Serbia and “golden friendship” with Hungary. Both are sure to closely watch any summit between Xi and Russian President Vladimir Putin in China, expected to happen soon. Chinese leader Xi Jinping is welcomed at the airport in Belgrade on May 7 for his two-day state visit. Xi also marketed a shared worldview during his meeting with Orban in Hungary, which is a member of both the EU and NATO. Chinese leader Xi Jinping talks with Hungarian Prime Minister Viktor Orban in Budapest on May 9.
Persons: Xi, Peng Liyuan, Aleksandar Vucic, Viktor Orban, China’s, Vucic, Orban –, Emmanuel Macron, Ursula von der, Vladimir Putin, Orban, Hungary “, ’ ”, Philippe Le Corre, , Putin, Le Corre, Xi Jinping, Dimitrije Goll, Xi’s, Serbia’s Vucic, ” Vucic, Bruno Le Maire, BYD, Liu Dongshu, Vivien Cher Benko, Tamas Matura, Mark Rutte, Olaf Scholz, Matura, Von der, “ Orban, Gabor Scheiring Organizations: Hong Kong CNN, Russia, Ukraine, China, Europe …, Asia Society, Center for, Forum, Anadolu, Getty, EU, NATO, , Xi, Hong Kong’s City University ., Hungarian, Central, Dutch, Georgetown University Locations: Hong Kong, France, Ukraine, China, Belgrade, Budapest, Paris, Serbian, Hungarian, Serbia, Hungary, Europe, Russia, Russian, , Europe … Hungary, Center for China, Beijing, United States, EU, Hong, Central, Eastern Europe, Eastern, Moscow, Qatar, “ Hungary
CNN —A Berlin senator was attacked while visiting a library on Tuesday, amid what appears to be an increasing trend of violence against politicians in Germany. Franziska Giffey, Berlin senator for economy, was hit over the head with a bag containing hard material as she visited the library in her district in the German capital Tuesday afternoon, the Berlin prosecutor’s office said in a statement. Giffey, a former Berlin mayor, described the moment of the attack on Instagram, saying “I suddenly felt a hard blow to my head and neck from behind. The Green party in Saxony wrote on X that its members would continue campaigning, and would not be intimidated. It also said it would support a draft law to increase legislation around protection against attacks on politicians.
Persons: Franziska Giffey, , Chancellor Olaf Scholz’s, Giffey, ” Scholz, Ursula von der Leyen, Organizations: CNN, Chancellor Olaf Scholz’s Social Democratic Party, SPD, Green Locations: Berlin, Germany, Dresden, Saxony
Germany plans to send Ukraine a prototype artillery shell that can travel 62 miles, Handelsblatt reported. AdvertisementGermany is gearing up to send Ukraine a prototype artillery shell that can travel up to 62 miles, German newspaper Handelsblatt reported. That would more than triple the reach of the conventional 155 mm artillery rounds Ukraine is heavily reliant on, depending on what system is used to fire it. It's not clear what the prototype munition actually is. Earlier this year, Germany announced a $5.3 million military aid package for Ukraine, including 10,000 artillery rounds from its own stocks, Politico reported.
Persons: They'd, , It's, Handelsblatt, Russia's, Armin Papperger, Germany's, Olaf Scholz, Scholz Organizations: Service, Associated Press, Rheinmetall, Defense, Politico Locations: Germany, Ukraine, Berlin
A German political party proposed a government cap on doner kebabs. Around €7 billion, or around $7.5 billion, worth of doner kebabs are sold every year in Germany, according to The Guardian and The Independent. The party plans to propose a government price cap of €4.90 (around $5.30) or €2.90 (around $3.10) for young people, The Guardian reported. If those decrease, then kebab prices also decrease," Gebel told BI. "The kebab price will remain high if the government does not change anything," she said.
Persons: Chancellor Scholz, , Kathi, Gebel, Olaf Scholz, Virginia Mayo, Scholz, Putin … I'm Organizations: Guardian, Service, Independent, Left Party, AP, European Central Bank, Federal Statistical Office Locations: Germany, Brussels, Virginia
Xi is spending two days in France, meeting French President Emmanuel Macron on Monday before heading to Serbia and Hungary. "I'm calling for an 'aggiornamento' because China is now in excess capacity in many areas and exports massively to Europe," Macron told La Tribune Dimanche, per a Bloomberg translation. She said China's trade practices are leading to unfair trade that are "market-distorting" and "could lead to deindustrialization in Europe." China has pushed back on the West's claims of overcapacity, accusing the bloc of being protectionist and of trying to curb China's economic development. However, Europe — like China — isn't quite the same anymore, following years of economic malaise punctuated by the pandemic and the war in Ukraine.
Persons: , Janet Yellen, Olaf Scholz, Xi Jinping's, Emmanuel Macron, Macron, Matt Geraci, Geraci, Ursula von der Leyen, Von, Leyen, Léonie Allard, Allard, Xi Organizations: Service, State Authority, European Union, Business, La Tribune Dimanche, Atlantic, Associated Press, European, overcapacity, Council's Locations: China, France, Serbia, Hungary, European, Germany, Europe, Beijing, Washington, Russia, Ukraine
A spate of attacks on German officials and politicians has brought fresh worries over political violence and a breakdown of civility ahead of several critical elections this year, including in three states where the far-right Alternative for Germany party could make significant gains. In the latest attack, on Friday evening, four people assaulted a prominent Social Democratic politician who was hanging campaign posters in Dresden, leaving him with a broken cheekbone and eye socket that required emergency surgery. The official, Matthias Ecke, is running for re-election to the European Parliament. That evening a Green Party campaigner, whose name has not been released, was attacked in the same residential neighborhood, by what the police believe was the same group of people. A day earlier, on Thursday, Rolf Fliss, the deputy mayor of the city of Essen, 300 miles west, was punched in the face by a group of men with whom he had been having what he initially characterized as a “friendly exchange.”The violent attack on Mr. Ecke drew a sharp response from Chancellor Olaf Scholz, himself a Social Democrat, in Berlin on Saturday.
Persons: Matthias Ecke, Rolf Fliss, Ecke, Chancellor Olaf Scholz Organizations: Social Democratic, Green Party, Social Democrat Locations: Germany, Dresden, Essen, Berlin
France's Macron set to press visiting Xi on trade, Ukraine
  + stars: | 2024-05-05 | by ( ) www.cnbc.com   time to read: +1 min
Chinas President Xi Jinping (L) and his French counterpart Emmanuel Macron attend the official welcoming ceremony in Beijing on April 6, 2023. China's President Xi Jinping heads to Paris on Sunday for a rare visit, with his French counterpart Emmanuel Macron set to press him to reduce trade imbalances and try to convince him to use his influence on Russia over the war in Ukraine. Neither aim will be easily fulfilled during Xi's two-day stay in France, where he arrives at a time of growing trade tensions between Europe and China. His official meetings will include joint talks with Macron and European Commission chief Ursula von der Leyen. German Chancellor Olaf Scholz will not join Macron and Xi in Paris due to prior commitments, sources said.
Persons: Xi Jinping, Emmanuel Macron, Xi, Ursula von der, Olaf Scholz, Noah Barkin Organizations: China's, European Union, EU, Macron, European Commission Locations: Beijing, Paris, Russia, Ukraine, France, Europe, China, European, Germany, German
CNN —A 17-year-old boy handed himself in to police after admitting that he attacked a German politician on Friday. The SPD Saxony branch blamed the far-right party Alternative for Germany (AfD) for the violence. “Yesterday our top candidate for the European elections Matthias Ecke was attacked while he was installing posters and seriously injured. The seeds sown by the AfD and other right-wing extremists are sprouting,” SPD Saxony said on X Saturday. We must stand together against them.”“I wish Matthias Ecke a speedy recovery,” Scholz said.
Persons: Matthias Ecke, , Greens Party –, Jörg, Urban, ” Olaf Scholz, , ” Scholz, Ecke Organizations: CNN, Friday, Police, Social Democratic Party of Germany, Saxony Police, SPD, Greens Party, CNN’s, ntv Locations: German, Saxony, Dresden, Germany, Eastern States,
Major breakthroughs with China’s toughest critics will be hard to come by unless Xi is ready to make surprise concessions. And the trip could instead serve to underscore divisions – not only between Europe and China – but those within Europe that could play to China’s favor, analysts say. Chinese President Xi Jinping and French President Emmanuel Macron visit a garden in Guangdong during Macron's state visit to China last April. Putin has said he plans to visit China this month, according to Russian state media. Xi may also look to highlight Chinese investments in both Belgrade and Budapest in a message to the rest of Europe.
Persons: Xi Jinping, Andrea Bocelli, , Xi, China –, , Noah Barkin, Hungary –, Ursula von der Leyen, Emmanuel Macron, Von der Leyen, Olaf Scholz, Chong Ja Ian, , Chong, Jacques Witt, China’s, Macron, Russia …, Wang Yiwei, Vladimir Putin, Putin, Aleksandar Vučić, Viktor Orban – Organizations: CNN, European Union, Ukraine, German Marshall Fund of, EU, , National University of Singapore, Getty, Beijing’s Renmin University, NATO, Reuters, EV Locations: China, Italy, France, Germany, United Kingdom, Russia, “ China, Europe, Berlin, United States, Serbia, Hungary, Beijing, Paris, “ France, North America, Guangdong, Ukraine, Switzerland, Barkin, , Belgrade, Budapest, Balkans, Balkan
It follows Ukraine's urgent plea to NATO for more air defense systems. AdvertisementIt comes after German defense minister Boris Pistorius hit out at Spain and Greece for not having sent their Patriot systems to Ukraine. Spain has decided not to send any of its launchers for the Patriot system to Ukraine, however, the El Pais report said. It currently has three Patriot systems, all purchased from Germany in 2004 and 2014, the report added. "However, from the very beginning, we stated that we cannot give out defense systems that are crucial for our deterrence capabilities," he added.
Persons: , El, Boris Pistorius, Volodymyr Zelenskyy, Putin, Zelenskyy, El Pais, Kyriakos Mitsotakis, Olaf Scholz, Scholz Organizations: NATO, Service, EU, Spanish Ministry of Defense, Business, Patriot, Telegraph, Patriots, El Locations: Spain, Ukraine, El Pais, Spanish, Turkish, Syrian, Greece, Germany, Soviet, Ukrainian
Saudi Aramco CEO Amin Nasser praised China for making solar panels and electric vehicles affordable. Saudi Arabia is fostering closer ties with China and wooing Chinese investments and business partnerships. Unlike the West, Saudi Arabia is cozying up to China. "There are lots of opportunities for China to invest in Saudi Arabia," Alibrahim told the media outlet. In March last year, China brokered a détente between Saudi Arabia and Iran, prompting concerns over waning US influence in the Middle East.
Persons: Amin Nasser, Nasser, China's overcapacity, Janet Yellen, Olaf Scholz, China Nasser's, Faisal Alibrahim, Alibrahim, Jon Alterman Organizations: Saudi, Service, Saudi Aramco, World Energy, Financial Times, West, Nikkei, Aramco, Center for Strategic, International Studies, China Economic, Security Locations: China, Saudi Arabia, Saudi Aramco, Saudi, Rotterdam, East Asia, Beijing, Saudi Arabian, Iran, United States
Germany has arrested a national on charges of spying for the Chinese secret service and leaking information from the European Parliament, Germany's federal prosecutor's office said on Tuesday. The man was also accused of spying on members of the Chinese opposition in Germany, according to a CNBC translation. The alleged spy was named as Jian G. and identified as an employee of a German member of the European Parliament since 2019. "If it is confirmed that there was espionage for Chinese intelligence services from within the European Parliament, then that would be an attack on European democracy from within. The ministry also said it hoped that Germany would stop using the so-called spy threat to manipulate political narratives, according to Reuters.
Persons: Scholz, Jian G, Maximilian Krah, Nancy Faeser Organizations: Tongji University, CNBC, Reuters Locations: China, Germany, Brussels
Germany arrests three suspected of spying for China
  + stars: | 2024-04-22 | by ( ) www.cnbc.com   time to read: +1 min
Three German nationals have been arrested on suspicion of working with the Chinese secret service to hand over technologies that could be used for military purposes, German prosecutors said on Monday. The suspects were identified as Herwig F. and Ina F, a married couple who run a company in Dusseldorf, and Thomas R., whom prosecutors described as an agent for an employee of China's Ministry of State Security (MSS). The Chinese contract partner was the MSS employee from whom Thomas R. received his orders, it added. The suspects also purchased a special laser from Germany on behalf of and with payment from the MSS and exported it to China without authorisation, according to the prosecutors. The Chinese embassy in Berlin did not immediately respond to a request for comment.
Persons: Herwig, Ina F, Thomas R, Olaf Scholz Organizations: China's Ministry of State Security, Russia Locations: Dusseldorf, Germany, China, Beijing, Europe, Berlin
Three German citizens who are believed to have gathered sensitive naval data and obtained a high-powered laser on behalf of the Chinese security services were arrested on Monday, prosecutors said, underscoring the fragile nature of the relationship between the two countries. A man identified as Thomas R., in keeping with German privacy rules, acted as an “agent” for the Chinese Ministry of State Security, and engaged two others — a married couple identified as Herwig and Ina F. — who ran an engineering company in Düsseldorf, the authorities said. The arrests come at an awkward time for the German government: Chancellor Olaf Scholz recently spent three days in China as the countries signed several bilateral trade agreements, but Germany is also vigilant to the threat posed by China. “​​We are aware of the considerable danger posed by Chinese espionage to business, industry and science,” said Nancy Faeser, the German minister of the interior. “We are looking very closely at these risks and threats and have issued clear warnings and raised awareness so that protective measures are increased everywhere,” she added.
Persons: Thomas R, , Herwig, Ina F, , Chancellor Olaf Scholz, Nancy Faeser Organizations: Chinese Ministry of State Security Locations: Düsseldorf, China, Germany
Christian Lindner (FDP), Federal Minister of Finance, is on his way to a bilateral meeting with US Treasury Secretary Yellen at the headquarters of the World Bank. Bernd von Jutrczenka | Picture Alliance | Getty ImagesGerman carmakers do not have to fear competition from China and are still considered the best in the world, German Finance Minister Christian Lindner told CNBC. "German car manufacturers are world leading, they do not have to fear Chinese competition," Lindner said. Competition in the electric vehicle, or EV, market in China and Europe, as well as the U.S., has been heating up in recent months. This came ahead of Scholz's visit to China earlier this month, during which he warned against unfair competitive and trade practices.
Persons: Christian Lindner, Yellen, Bernd von Jutrczenka, CNBC's Karen Tso, Lindner, China's BYD, Tesla, Janet Yellen, Ursula von der, Wang Wentao, Olaf Scholz Organizations: Federal, of Finance, US, World Bank, Getty, German, CNBC, Washington , D.C, European Union . U.S, Treasury, European Commission, European Union, Commerce, EV, Reuters Locations: China, Washington ,, Europe, U.S, EVs, EU
Read previewChina's leader, Xi Jinping, played the role of Ukraine's peacemaker during talks on Tuesday with German Chancellor Olaf Scholz. At the meeting in Beijing, Xi presented his German counterpart with four principles for peace in Ukraine, according to Chinese state media. AdvertisementThe principles are vague and similar to a Ukraine peace plan proposed by China last year. But despite these public statements, analysts say that Xi's claims to be a peacemaker are a charade and that in reality, China is increasing support for Russia's military. AdvertisementThis is in addition to the diplomatic and economic support China has already given the Kremlin.
Persons: , Xi Jinping, Olaf Scholz, Xi, Scholz, Vladimir Putin, he's, Joe Biden Organizations: Service, Business, London's Royal United Services Institute, The, Associated Press Locations: Beijing, Ukraine, China, Russia, US, Germany, San Francisco
Chancellor Olaf Scholz of Germany tried to strike a delicate balance on a trip to China this week, promoting business ties with his country’s biggest trading partner while criticizing its surge of exports to Europe and its support for Russia. Mr. Scholz met with China’s top leader, Xi Jinping, at the Diaoyutai State Guesthouse in Beijing on Tuesday, the culmination of a three-day visit with a delegation of German officials and business leaders. Throughout his trip, Mr. Scholz promoted the interests of German companies that are finding it increasingly hard to compete in China. And he conveyed growing concern in the European Union that the region’s market is becoming a dumping ground for Chinese goods produced at a loss. It was Mr. Scholz’s first visit to China since his government adopted a strategy last year that defined the Asian power as a “partner, competitor and systemic rival,” calling on Germany to reduce its dependency on Chinese goods.
Persons: Olaf Scholz, Germany, Scholz, Xi Jinping, Li Qiang, Scholz’s Organizations: European Union Locations: China, Europe, Russia, Diaoyutai, Beijing, Ukraine, United States, European, Germany
Why Germany Can’t Break Up With China
  + stars: | 2024-04-16 | by ( Melissa Eddy | ) www.nytimes.com   time to read: +1 min
When Germany’s chancellor, Olaf Scholz, took office in 2021, he pledged that his government would shift his country’s relationship with China away from one of economic dependence. Three years later, talk of scaling back reliance on China has been replaced with calls for equal access to China’s market for foreign firms. The U.S. Treasury secretary, Janet L. Yellen, has talked about imposing trade restrictions on China. The chief executives of several leading multinational companies based in Germany joined Mr. Scholz on his three-day tour of China, which included a meeting with Xi Jinping, China’s top leader, in Beijing on Tuesday. All of the company leaders oversee large operations in China that they are eager not only to maintain, but in many cases to expand.
Persons: Olaf Scholz, Janet L, Scholz, Xi Jinping Organizations: Treasury, Mr Locations: China, United States, U.S, Germany, Beijing
Shanghai Reuters —German Chancellor Olaf Scholz pressed his case on Monday for an open and fair European market for Chinese cars but warned against dumping, overproduction and intellectual property infringements as he spoke to a group of students in Shanghai. “At some point there will also be Chinese cars in Germany and Europe. The only thing that must always be clear is that competition must be fair,” Scholz told students at Tongji University in Shanghai. The German government and German businesses are also wary of any potential future conflict over Taiwan. “One of these principles is that we should not be afraid of our neighbors,” he told students, comparing global values and relations between countries to neighborly relations.
Persons: Olaf Scholz, Scholz, ” Scholz, , Xi Jinping Organizations: Shanghai Reuters —, , Tongji University Locations: Shanghai, China, Europe, Germany, , Moscow, Ukraine, Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEuropeans cannot afford to stay out of China relationship, analyst saysPhilippe Le Corre, senior fellow at the Asia Society Policy Institute's Center for China Analysis, discusses German Chancellor Olaf Scholz's China visit.
Persons: Philippe Le Corre, Olaf Scholz's Organizations: Asia Society, Center for Locations: China, Center for China, Olaf Scholz's China
Ukraine's military chief on Saturday warned that the battlefield situation in the industrial east has "significantly worsened in recent days," as warming weather allowed Russian forces to launch a fresh push along several stretches of the more 1,000 km-long (620-mile) front line. It has increasingly used satellite-guided gliding bombs — which allow planes to drop them from a safe distance — to pummel Ukrainian forces beset by a shortage of troops and ammunition. Starting last month, Moscow renewed its assault on Ukrainian energy facilities. At least 10 of the strikes damaged energy infrastructure in Kharkiv, Ukraine's second-largest city. In the winter of 2022-2023, Russia took aim at Ukraine's power grid in an effort to deny civilians light and heating and chip away at the country's appetite for war.
Persons: Oleksandr Syrskyy, Vladimir Putin, Syrskyy, Bakhmut, Bohdanivka, Olaf Scholz, Volodymyr Zelenskyy, Putin, Dmytro Kuleba, Oleh Syniehubov Organizations: Power Plant, Russian Defense Ministry, Saturday, Ukraine's, Ukraine's Defense, German Defense Ministry, Patriot, Foreign, Energy, Kremlin, Kyiv Locations: Kharkiv, Kharkiv Region, Ukraine, Moscow, Donetsk, Lyman, Pervomaiske, Pokrovsk, Bakhmut, Russia, Congress, Germany, Russian, Berlin, Kyiv, Cherkasy, Zhytomyr, Ukraine's, Lviv, Kupiansk
Iranians attend a funeral procession in Tehran, held for seven Islamic Revolutionary Guard Corps members killed in a strike in Syria. Western diplomats have mounted pressure on China to prevent Iran from escalating tensions in the Middle East with a direct retaliatory strike against Israel. U.S. Secretary Antony Blinken earlier this week spoke with Chinese Foreign Minister Wang Yi and other counterparts in Turkey and Saudi Arabia amid rising fears of retaliation by Tehran against Israel. Beijing is a critical trade partner of Russia and Iran as one of the last recipients of their oil exports. The three countries are also members of the China-led BRICS coalition of emerging markets.
Persons: Antony Blinken, Wang Yi, Blinken, Matthew Miller, it's, Olaf Scholz Organizations: Islamic Revolutionary Guard Corps, Israel, U.S, Chinese Foreign, U.S . State, BRICS Locations: Tehran, Syria, China, Iran, Turkey, Saudi Arabia, Israel, U.S, Germany, Beijing, Russia
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