Clueless

In the conflict between Beijing, Berlin and Brussels over skyrocketing investment by Chinese firms in European high-tech industries, China has a major advantage: It has a plan. Germany doesn’t. Neither does the European Union. It doesn’t make things easier that European businesses have little incentive to put a stop to the billions flowing out of China, which provide them with capital in the short term and help them secure access to the growing Chinese market. China’s mission to buy up companies in Europe is part of a plan called “Made in China 2025,” designed to turn the country into a manufacturing superpower. When it comes to investment, both abroad and at home, the Chinese have a plan, and they seem determined to stick to it. “One aim of ‘Made in China 2025’ is to replace foreign technology with Chinese technology,” said Jost Wübbecke of Mercator Institute for China Studies.

Angela Merkel

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