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Germany's new China strategy 'guided by ideology', ambassador says

FRANKFURT (Reuters) - Plans for a tougher China strategy by Germany are "guided by ideology" and reflect a Cold War mentality that could put cooperation between the world's...
Germany's new China strategy 'guided by ideology', ambassador says © Reuters. Wu Ken, China's Ambassador to Germany, attends the welcome ceremony of the diplomatic corps at Bellevue Palace in Berlin, Germany, January 13, 2020. REUTERS/Annegret Hilse

FRANKFURT (Reuters) - Plans for a tougher China strategy by Germany are "guided by ideology" and reflect a Cold War mentality that could put cooperation between the world's second- and fourth-largest economies at risk, China's ambassador to Berlin was quoted saying.

"What I read about it in the media and know from many conversations is very disconcerting to me," Wu Ken told Handelsblatt. "The paper gives the impression that it is guided primarily by ideology. It is not based on the common interests of Germany and China."

Germany is working on a new strategy taking a more sober look at its relations with China and aiming to reduce its dependence on Asia's economic superpower.

"As far as I know, the paper exaggerates competition and confrontation between our two countries in a way that has nothing to do with reality. I'm also hearing that certain values and human rights are to be a prerequisite for cooperation in the future," Ken said.

He added that if this happened it would put obstacles in the way of both countries' cooperation.

"Moreover, according to the draft at least, Germany wants to coordinate its China policy more closely in future with 'like-minded' allies such as the U.S. This suggests that the German government is forfeiting its independence and is instead following the U.S. completely in matters of China policy."

The planned measures include requirements for German firms particularly exposed to China to share details on that business with the government and undergo regular stress tests, according to the ministry's "Internal Guidelines on China" seen by Reuters last month.

"In doing so, the German government is ultimately contradicting itself. After all, it has always emphasised that it is not aiming for a confrontation between different camps. To me, this smells suspiciously of a Cold War mentality," Ken said.

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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