Germany is a top target in China’s search for innovative engineering groups — but some see a threatAt this year’s Hannover Messe, the world’s biggest industrial fair, it was one of the stars of the show: an elegant, ultra-sensitive robot known as an Iiwa that can pour a beer and brew a cup of coffee.
Angela Merkel and Barack Obama, guests of honour on the Messe’s opening day, were intrigued. “Can it squeeze lemons?” the German chancellor asked.
The Iiwa — or intelligent industrial work assistant — is produced by Kuka, one of Germany’s most innovative engineering companies. But it will not be entirely German for long. Less than a month after the fair, a Chinese appliance-maker called Midea offered to buy Kuka for €4.5bn, in the largest ever Chinese takeover of a German company. Continue reading
Petrakos told Spiegel that Greece wants “to deepen its relations with Russia in the energy sector” and get significant mutual benefit from this. The Greek delegation will talk to the Russian Minister of Energy, Alexander Novak, and the head of Gazprom, Alexei Miller. The periodical reminds that Gazprom controls about 70% of the Greek gas market. Continue reading
Although a great article, the author seems to whitewash the intentions behind China’s global military expansion as if it won’t be a threat. It seems to be strangely forgotten how the United States started going global: Protecting its economic and political interests. Though it’s gone wayward the last few years, the U.S. had well-intended interests and goals in mind whereas the Chinese don’t and never did. You can tell by looking at its own domestic affairs and how it handles them — the crackdown on the current civil unrest in Hong Kong or its infamous Tiananmen Square murder. However, you can decide for yourself who would be better in leading the world.
The burgeoning need to protect commercial assets and Chinese nationals abroad will inevitably lead Beijing to develop new military capabilities and take on missions further afield.
THE CHINESE armed forces are on the move—but to where? For over a decade, academics, policy wonks and government officials have been engaged in a relentless debate about Beijing’s military capabilities and intentions. To some, China is an expansionist country akin to Wilhelmine Germany. Others argue that while China’s assertive behavior in its regional island disputes is disconcerting, the Chinese Communist Party (CCP) is completely focused on domestic stability and therefore lacks global ambition.
This debate about current Chinese capabilities and intentions is widespread, fervent—and beside the point. While the Chinese leadership would prefer to stay focused on internal development and regional issues, facts on the ground will increasingly compel the CCP to develop some global operational capabilities. Specifically, the burgeoning need to protect commercial assets and Chinese nationals abroad will lead the country to develop some global power-projection capabilities, regardless of its current plans. Even though the Chinese leadership will embark on this path with very limited goals in mind, Chinese thinking on how and when to use force could change once its strategy, doctrine and capabilities evolve to incorporate these new roles. Continue reading
The Chinese government may withdraw investments in Japan as a way to retaliate against the United States and Japan for opposing China’s newly established air defense identification zone. A shareholder listed as SSBT OD05 Omnibus China Treaty 808150, which is widely considered a Chinese sovereign fund, has reduced its Japanese investment by 600 billion yen (US$5.8 billion) between March and September this year, according to our Chinese-language sister paper Want Daily and the Tokyo-based Sankei Shimbun. Continue reading
Total Chinese foreign direct investment in the U.S. is on pace to reach at least $8 billion this year, according to the report from research firm Rhodium Group.
That would top the previous record of $5.7 billion reached in 2010, said Thilo Hanemann, research director with Rhodium Group, which tracks all acquisitions and investments in manufacturing facilities, warehouses, labs and offices by foreign companies in the United States valued at $1 million or higher.
In manufacturing, the biggest investments are being made by Chinese firms with products that have been slapped with hefty anti-dumping tariffs, Hanemann said.
Opening up a plant in the United States allows Chinese firms such as Golden Dragon Precise Copper Tube Group, Inc. — which broke ground this year on a $100 million plant in Thomasville, Ala. — to avoid these tariffs.
But there are both risk and benefits to the United States from increased Chinese investment, said Hanemann.
The risks include national security and transparency concerns, he said. He also expects American companies will put more pressure on policymakers to push for a level playing field for them in China.
Full article: Chinese buying of U.S. business at record pace (CNN Money)