Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Beijing wants more openness and less China bashing from Europe: envoy

Published 29/09/2023, 09:21
Updated 29/09/2023, 09:25
© Reuters. FILE PHOTO: 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/File Photo

BERLIN (Reuters) - China's ambassador to Germany called for Europe to be more open to Chinese investment, urging deeper cooperation in areas such as electric cars and 5G technology after a series of clashes.

Berlin is in the process of reassessing its relationship with China, a country it dubs both a partner and a rival.

As part of that process, Germany's interior ministry has proposed forcing telecoms operators to curb their use of equipment made by China's Huawei and ZTE (HK:0763), a move Huawei has criticised as the "politicisation" of cyber security.

"We hope that Europe will show more openness and self-confidence on the issue of electromobility and Huawei's 5G technology," Wu Ken said at a reception in Berlin late on Thursday to mark the 74th anniversary of the founding of modern China.

"China is in any case prepared to deepen a cooperation with Europe and Germany in which all parties profit."

Germany's interior ministry proposed the retroactive changes to 5G networks after a review highlighted Germany's reliance on Chinese suppliers.

China has also been critical of the European Union's anti-subsidy probe into China's electric vehicle products, warning it could disrupt supply chains in the global auto industry.

"Recently, there has been a proliferation of disparaging articles and viewpoints on China's economy by some European think tanks and so-called China experts, and China is even being portrayed as a risk for the global economy," Wu said in the speech.

"But this fear of change and competition should not lead us to stray from the path (of cooperation) or erect barriers."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.