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German Minister Ups Rhetoric Against Takeovers Ahead Of China Trip


Ron Burgundy
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German Economy Minister Sigmar Gabriel gives a speech at the Day of German Industry 2016 conference in BerlinBy Michael Nienaber BERLIN (Reuters) - China is strategically buying up key technologies in Germany while protecting its own companies against foreign takeovers with "discriminatory requirements", German Economy Minister Sigmar Gabriel said on Saturday. Gabriel, also vice chancellor and leader of Germany's Social Democrats, heads to China next week after having ratcheted up tensions with Beijing by putting the brakes on the latest Chinese takeovers of German technology companies. In a guest column for Die Welt newspaper, Gabriel urged the European Union to ensure a level playing field and adopt a tougher approach with China.




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