希尼尔翻译公司（www.sinosenior.com.cn）2018年8月15日了解到：Germany’s latest plan to
intervene in Chinese investment shows the country is panicking about
China catching up in the tech field, as Germany’s technology sector has
entered a bottleneck period of slowing growth, analysts said on
But such concerns should be no reason for Berlin to intervene in
Chinese investment as it could bring losses to German firms and the
country will risk missing out on the dividends and results of China’s
Berlin wants to be able to intervene earlier if a non-EU investor
acquires 15 percent of a German company, Die Welt newspaper reported on
Tuesday, citing a draft law. The draft law is mainly targeted at Chinese
investors, according to the report.
Germany’s move is more than likely part of a chain reaction
following the escalating China-US trade war as well as the US alliance
with the EU in trade, Zhang Jiayuan, a partner at Beijing-based
Ransenhuizhi Investment Fund Management Co, told the Global Times on
There was already a lot of cooperation between the Chinese and
German manufacturing sectors before the current trade situation, Zhang
said, adding that Germany should not restrict industrial tie-ups and
investment from China at this point of time, because "the timing is
quite sensitive and the German attempts to confront Chinese investors
are somewhat an echo of political issues in the world."
An industry insider surnamed Chen agreed, saying that "if Germany
closes its door against China, the country itself will be largely hit as
it will lose the chance to share the results of China’s further
Chen told the Global Times that Germany should take a firm stance
with China when confronting the US, which has been opposing
globalization and advocating protectionism.
Dong Dengxin, director of the Finance and Securities Institute at
Wuhan University of Science and Technology, said that Chinese capital
complements and stimulates the German market, and has helped create many
jobs in the country.
"It is unreasonable for the German government to intervene
against Chinese investors," Dong told the Global Times on Wednesday.
Not a threat
There have been concerns in Germany that China is gaining access
to key technologies via takeovers, according to media reports.
German Economy Minister Peter Altmaier said the government wants
to take a closer look in the future when it comes to defense-related
firms, key infrastructure or certain sectors of other civil
security-related technologies like IT security, the Die Welt report
In the past decade, Chinese capital has been active in expanding
overseas markets, particularly in sectors such as advanced manufacturing
and high technology, and the strong trend has made foreign countries
like the US and Germany "panic," Dong said.
Driven by the Chinese government’s encouragement of "going
global," domestic investors have strong demand for expanding new
markets, and they mainly focus on business interests and hope to reach
global business partners that can share sound experience with them,
"Such worries in the German market also show that its technology
sector has entered a bottleneck period of slowing growth," Zhang said.
German companies had previously excelled in traditional
industries such as autos, machine building and biotechnology, but the
country’s industrial upgrading and technology growth have slowed down in
recent years, according to experts.
Given the context, the intervention would cut growth
opportunities for German firms as they need Chinese capital, Dong noted.
Many Chinese investors have helped German enterprises make up for
loss, Gao Feng, spokesperson of China’s Ministry of Commerce, said at a
meeting in February, citing a report released by consulting firm PwC’s
German office at the end of 2017.
China’s direct investment in the German market was $2.27 billion
in 2017, and cumulative foreign investment from the Chinese mainland
accounted for less than 1 percent of Germany’s cumulative foreign