The German government thwarted China's entry into the electricity distribution industry

This share was sought by the State-owned SGCC (19459004), owned by the Chinese state, which owns most of China's energy network. As pointed out the Ministry of Economy, the German government "vitally interested in the protection of critical energy infrastructure" and consumers and businesses expect a supply in reliable electricity.

According to the DPA agency, the German government sent a significant political signal to the situation where Chinese investors are visiting Germany and other European countries, seeking opportunities to take over companies that advocate technological progress and strategic industries.

SGCC achieved a turnover of nearly $ 350 billion in 2017 and employed 1.6 million people. Since 2016, he ranks second on the list of the 500 largest global companies of the US magazine Forbes

. His first test of entry to 50Hz – exclusive on the territory of the former Germany of the East, Berlin and Hamburg – China took place this spring. However, instead of SGCC offered by the Australian Fund Industry Management (IFM) 20 percent. The shares of the company were acquired by the second co-owner of 50Hz, the Belgian operator of energy networks Elia – which increased its share to 80%

The Chinese were also interested in the remaining minority of 20% exercised her right of first refusal. Immediately after, the same price was canceled by KfW. According to the Ministry of Economy, it was a "transitional solution" because the bank financing infrastructure intends to look for buyers for its part in 50Hz.

The German government will veto the Chinese society Leifeld Metal Spinning of Ahlen in North Rhine-Westphalia. In the opinion of the authorities, such a transaction could threaten public order or German security. As would be indicated, this would be the first case of refusal of the foreign investor of a German company under the new 2017 foreign trade regulation, which extended the power of the government to use a such right of veto. According to the weekly economic Wirtschaftswoche, Leifeld employs around 200 people and is a technical leader in the field of machining of high strength materials used in aviation, astronautics and aviation. ;atomic.