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Germany therefore sends a significant political signal. Because Chinese investors make purchases in Germany and Europe, especially in the technologies of the future and in strategically important areas. SGCC, the state-owned Chinese network operator, has ranked second in the Fortune Global 500 list of the world's largest companies in 2017 with nearly $ 350 billion in revenue and 1, 6 million employees.
SGCC Hides The Communist Giant Society The Party Serves: "Supporting Party Leadership, Strengthening Party Building Work, Are the Root and Soul of Public Enterprises," Says Website of the SGCC. The Group has already acquired stakes in, among others, Italy and Portugal.
In the spring, a first attempt by the Chinese had already failed in their attempt to join 50Hertz. Instead of SGCC, the majority owner of 50Hertz, the Belgian state-owned company Elia, had acquired other shares. The Belgians thus increased their share to 80%.
The Chinese state-owned company would have had an interest in the remaining minority share of 20%. Elia has now made use of her right of first refusal and acquired the Australian IFM investment fund package, as announced by the company. This action will now be resold immediately to KfW under the same conditions. The Ministry of Economic Affairs has spoken of a "bridge solution" – the shares should be sold in perspective.
For years, China has been trying to acquire advanced foreign technologies through acquisitions and to obtain political influence. The main vehicle is the "New Silk Road", promoted by Beijing as a "Belt and Road" initiative.
A Chinese public company controls the Greek port of Piraeus, while other public companies of the People's Republic participated in European airports
One of the main objectives of the initiative is Eastern Europe, where China has offered the financing of highways and railways. This year alone, three-digit Chinese companies and three million dollars are involved in three major energy projects in Ukraine. In total, Chinese companies have invested more than $ 350 billion in Europe since 2008, according to the calculations of the conservative American think tank American Enterprise Institute
but the critical voices are multiplying: "It's the last moment for act, China can surpbad us. " Recently, the Chinese expert Mikko Huotari, head of the international relations program of the Chinese Merics Research Institute
The federal government is also active in another case. As announced on Thursday, the government vetoed the sale of Westphalian machine tool manufacturer Leifeld Metal Spinning to Chinese investors. A corresponding report of the "Wirtschaftswoche" has been confirmed to the German press agency in the circles of the coalition. The reason is that a sale could compromise public order or security in Germany. The cabinet wants to make a corresponding decision on August 1st.
According to "Wirtschaftswoche", Ahlener employs about 200 people. The company is a technology leader in high strength materials used in aeronautics, but can also be used in the nuclear sector.
This would be the first time that Germany would apply the new regulation on foreign trade and access of foreign investors. The base forbidden. In 2017, the German government extended its veto on the takeover of strategic companies by foreign investors, reacting to several takeovers by Chinese companies.
European level discussions also make Chinese takeover bids more difficult. Chinese investors are active all over the world, in Germany, companies in the People's Republic are particularly interested in key technologies such as robotics, mechanical and phytosanitary engineering or biomedicine. The official goal of the Chinese government is to become the global technology leader in all major industry sectors by mid-century. The biggest commotion to date in 2016 has been the $ 1 billion acquisition of Kuka, one of the leading manufacturers of robots for the industry. The buyer was the Chinese group Midea.
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