this post was submitted on 13 Nov 2024
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Ah, wow, what a scandal that the commis came up with the idea of economic expansion.
“many people in Europe are saying…” says the CEO of WindEurope. What’s his name? Trump?
This is still seemingly a case of a Chinese business developing on land they don't own. Even if they do own it, economic expansion into other territories SHOULD worry some people when it comes to the major powers (US included) as it's been shown they don't play nice when they have access to your Major resources.
Germany couldn't give up Russia for Oil, don't make the Baltic states rely on China for electricity. Subsidize builds in your own country the best you can, but competing with government-backed foreign entities is a good way to lose a bidding war.
Difficult to say what’s exactly happening with the land ownership in this case. Probably the local government fucked over this guy, but not the Chinese.
About economic expansion. We do acknowledge that Capitalism is what makes the world go ‘round, but we don’t want others to be successful with it. Because if you are successful you need new markets. That’s why we want the Chinese to open up their markets for us more, we want Africa to open their markets for us more. If we close everything up, like the US under Trump and the EU under Von der Leyen, we are doing what most countries were doing 100 years ago. Part of which led to whatever we should have learnt by now.
I acknowledge that capitalism is an inherently evil system designed to extract all value from an object, I do not recognize that's what makes the world go round.
And I'm not saying to close the borders and prevent all foreign trade. But I'm staunchly against any land purchases by foreign entities. China has already shown it's hand in how it handles international disputes about its purchased land, we've seen how they behave in Africa, along the Indian border, their investment and meddling in the housing markets of Australia. You want Lithuania or Poland or Uzbekistan to have some business deals, sure, with regulation have at it. But keep China's land grabs and the US's military bases within their borders.
They simply don't. One necessity of international trade and competition is reciprocity, but in China, foreign companies can't even establish a subsidiary. They need a Chinese partner who would then own the majority of the joint venture, while the foreigner own a minority stake in the company. And that's just one issue among many.
In addition, Europe should not replace its dependence on Russian fossil fuels with dependence on Chinese renewable energy technology. That doesn't make sense.
Depends on the industry sector whether China requires a joint venture or not. Apart from the automotive industry, afaik the sectors in which the Chinese exert control over foreign investment are largely the same ones where the EU or the US exert control over foreign influence. Energy is of course part of that. Bosnia Herzegovina is not inside the EU though.
There are multiple examples of Chinese subsidiaries and/or takeovers of European companies in Europe, but there are no examples of European companies doing the same in China. In no sector. The rules are nowhere the same, not even remotely.
The only Chinese province where completely foreign-owned companies were possible was Xiamen, but that lasted until the 2000s or so (I don't remember the exact date). Your statements are outright false.
In all what constitutes fair competition, China lacks behind. China is a totally closed shop by any comparable standards with -in addition to that- grave human rights issues in the country, and the situation has been worsening in recent years.
China is in the process of opening up to foreign investment. A new law in 2020 set foreign companies on par with domestic ones in many industries. As I understand it, subsidiaries can be completely foreign owned. They have to register of course.
https://www.pinsentmasons.com/out-law/guides/doing-business-in-china-part-2---establishing-a-business-in-china