Soon, All of German Tech Companies To Be Chinese

The rate at which Chinese are buying German Tech Companies is quite alarming. Germany is continuously losing key technology to Chinese buyers while China forbids foreign firms from entering its market.

   German Economy Minister who also is the Vice Chancellor and Leader of Germany’s Social Democrats has stopped some takeovers of  its tech companies by Chinese and he is calling on the European Union to take a tougher approach and stop China’s takeover of European Tech Firms.

   In China Foreign Firms are hampered from buying Chinese companies and takeovers are approved only to the benefit of the Chinese discriminating against the Foreigners.

   The Economy Minister is taking a tough stance on China and also said of China is going on a shopping tour here with a long list of interesting companies with the intention of acquiring strategically important key technologies.

   This year alone, Chinese Investors have racked up 47 deals to buy German Companies with a total volume of  10.3 billion euros compared with 29 deals worth 263 million euros in the whole of 2015.

   Deputy Economy Minister of Germany Michael Machnig told the Financial Times that Berlin was worried about takeovers that seemed driven by the Chinese government or  were about gaining access to german technology, we need to have the powers to really investigate deals when it is clear that they are driven by Industrial policy to enable technology transfers, when necessary in exceptional cases, maybe even to say we’re not going to allow them” he said.

   It seems the Chinese have a lot of Money to buy anything and I see the Chinese buying more of Westerners Companies, they only want the money and the Chinese have the purchasing power but this cast a spell on Future Chinese Investments in the E.U and other Countries.