Published: October 27th, 2022,
Last updated: October 27th, 2022
The cautionary words of German President Frank-Walter Steinmeier sounded hollow. Yesterday evening, Steinmeier warned that Germany’s economy was too dependent, especially on China. Yet the next morning, against all opposition from his coalition partners, his party comrade, Chancellor Olaf Scholz, pushed through the stake of the Chinese state-owned company Cosco in one of Hamburg’s port terminals. And this right in the middle of a major political turmoil in which handing over important infrastructure to state-owned Chinese players seems unwise, writes Finn Mayer-Kuckuk in his analysis of the highly controversial deal.