German warning on ‘aggressive’ Chinese rivals

Article reports that German companies have complained about state-owned Chinese rivals landing an increasing number of contracts in eastern Europe and central Asia by means of 'price-dumping, aggressive financing and generous risk-guarantees' from Beijing.

In a paper seen by the Financial Times, German industry’s Committee on Eastern European Economic Relations warns that China seems driven by geopolitical rather than economic goals, with potentially dire consequences for the European Union.

The call comes amid tensions between Beijing and the west over exchange rates and perceived impediments to trade and investment in China – and also reflects fears about Chinese companies’ increasing technological know-how.

ESO: Background information: China passes the EU in high-tech exports http://www.europeansources.info/record/china-passes-the-eu-in-high-tech-exports/

---