‘Better off thanks to China’: German companies double down on resurgent giant

Business Insider | Nov 18, 2020 at 1:00 AM
  • German industrial robot-maker Hahn Automation plans to invest millions of euros in new factories in China over the next three years, keen to capitalise on an economy that’s rebounding more rapidly than others from the COVID-19 crisis.
  • A new survey from the Berlin-based Mercator Institute for China Studies (MERICS), shared exclusively with Reuters, found more than 100 product categories in which the EU has a critical strategic dependence on imports from China.
  • In an example of the complexities, efforts by the German government to support the local production of medical face masks following the first wave of the pandemic had a mixed success.