According to an analysis published on March 25 by the Hans-Böckler Foundation, close to unions, more and more German businesses are taken over by Chinese investors. And the surprising fact for most of them is that these takeovers didn’t lead to worse working and pay conditions for the employees concerned – on the contrary. In a lot of cases, unions and works councils managed to sign agreements maintaining employment and production sites with the new Chinese owners. As a conclusion, so far, Chinese investors seem more willing to cooperate than many other financial investors.
Germany, the new Promised Land for the Chinese. Germany has been attracting more and more Chinese investors. According to KPMG, the consultancy firm, 20 German businesses were taken over last year, a record. And it’s just a start. “We’re going to break this record this year,” announced Wang Wei, in charge of Chinese investors at KPMG. A sign of this fondness for the Middle Kingdom for German businesses: a Chinese Chamber of Commerce officially opened in January in Berlin. It claims that C
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