The federal government has become a playground for geostrategists. Responsibility for China policy actually lies with Foreign Minister Annalena Baerbock. Actually.
Of course, the Federal Chancellor would also like to have an important say on the subject. But all good things come in threes. Economics Minister Robert Habeck has now had his own China strategy developed in his ministry.
The result is a 100-page document that de facto recommends that the German economy turn away from China. The paper has not yet been agreed in the federal government, Annalena Baerbock does not know it yet. The document by Pioneer Editor-in-Chief Michael Bröcker is available for this purpose.
The officials write that there is an asymmetric dependency: “As China reduces its dependency, China’s economic importance to the EU and Germany continues to increase.”
“Cluster risks” have formed in individual sectors, i.e. sectors that would hardly be able to survive without the Chinese market. The automotive industry is mentioned, but also hydrogen technology, electromobility, carbon sequestration and renewable energies.
Anyone who knows which devices at home consume how much electricity can make targeted savings. Our e-paper shows which devices consume how much electricity for all common household appliances, from ovens and stoves to refrigerators and washing machines to TVs and WLAN routers. There are also a number of instant power-saving tips.
The officials ask an explosive question: It is unclear “to what extent and to what extent the Chinese market will still be open to foreign companies”. The officials therefore propose a clear political focus on alternative future markets such as Asia-Pacific, Latin America and Africa.
Gabor Steingart is one of the best-known journalists in the country. He publishes the newsletter The Pioneer Briefing. The podcast of the same name is Germany’s leading daily podcast for politics and business. Since May 2020, Steingart has been working with his editorial staff on the ship “The Pioneer One”. Before founding Media Pioneer, Steingart was, among other things, Chairman of the Management Board of the Handelsblatt Media Group. You can subscribe to his free newsletter here.
Banks have evaluated the residential real estate sales of the past few weeks and have found that prices are crumbling across the board. They give way, especially in overheated markets like Munich. Anyone who has to sell should hurry: there is currently no end in sight to the fall in prices. On the contrary.
A Bundeswehr officer died in hospital last Friday. The man had previously collapsed in the army infantry school. Investigations are underway, the Bundeswehr is keeping a low profile on the incident.
In Germany, SUV tires were deflated again in several cities on Tuesday. Behind the attacks are apparently climate activists who want to ban the large vehicles from inner cities.
Gas and district heating customers as well as pensioners can breathe a sigh of relief in December. They receive financial grants, which many people receive in December. We show what changes are coming in December, who benefits from the grants and by when the Christmas mail should actually be sent out.
Also interesting for you:
Savers can breathe a sigh of relief: More and more banks are once again paying considerable interest for overnight and time deposits. But investors have to examine the offers carefully. Here are the most lucrative offers.