Sectors of the government in Berlin are calling bluntly for an intervention of the European Union (EU) to protect its members against unfair investment practices from Chinese state-owned and private companies. While both EU institutions and member states are sending mixed signals over this German proposal, hawkish supporters of Brexit – Britain’s exit from the EU – are pushing for their leaders to seize on the “China-bashing” that is taking place across the Channel.
Berlin fears that the rise in China’s takeovers of German national assets, notably in the dual-use (i.e. civil and military) hi-tech industry, is driven in large part by the Chinese undisguised desire to buy up Western know-how and intellectual properties, something that will negatively affect the country’s security. Continue reading
Tag Archives: ChemChina
Bayer’s Monsanto bid to create biggest agricultural supplier
German drugs giant Bayer has made a $62bn (£43bn) offer for Monsanto, in a deal that would create the world’s biggest agricultural supplier.
Bayer said the bid was an “extraordinary opportunity to create a global agriculture leader.”
Monsanto is primarily known for genetically modified crops, often leading to vocal activist criticism.
Last week, news of the deal angered Bayer investors, with one describing it as “arrogant empire-building”. Continue reading
China Is Buying the Chicago Stock Exchange. A Dangerous Signal for the Global Economy
Capital flight or capitol fight: Why is so much money fleeing China, and what is the biggest ramification?
An obscure Chinese company is buying the Chicago Stock Exchange. The February 5 announcement stirred a tumult on Capitol Hill. Members of both parties of Congress denounced the takeover, calling for the Treasury Department to investigate the proposed sale.
Yet the founder of the Chongqing Casin Enterprise Group (Casin Group), which is buying the Chicago Exchange, assured regulators that his intentions were purely financial in nature. He planned on keeping the United States management team in place and said he would use information learned from the Chicago Exchange “to help develop financial markets in China over the longer term and to bring exciting Chinese growth companies to U.S. investors.”
So what’s the problem?
Chinese companies buying up foreign groups at alarming rate
(TRUNEWS) Chinese groups are scooping up foreign and U.S. companies at a record rate.
According to Business Insider, lawmakers are concerned about the growing trend, so 45 members of Congress signed a letter to the Treasury Department asking them to take some action.