Economic policy: Oettinger: Economic "cluster risk" towards China

From the point of view of former EU Commissioner Günther Oettinger, Germany must become more economically independent of China.

Economic policy: Oettinger: Economic "cluster risk" towards China

From the point of view of former EU Commissioner Günther Oettinger, Germany must become more economically independent of China. If China were to attack Taiwan and the United States intervened militarily, Germany would be forced to impose sanctions against China, against which the sanctions against Russia would be "peanuts," Oettinger warned on Tuesday at the Bodensee Business Forum of the "Schwäbische Zeitung" in Friedrichshafen. The VW Group sells 40 percent of all cars in China, said Oettinger. "We have a cluster risk." Politics and industry must now develop a common perspective. "Otherwise the German model - gas from Russia and S-Class to China - will hit us hard." Trade agreements are needed with other parts of the world.

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