this post was submitted on 20 Aug 2023
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An investigation by German regional public broadcasters reported Wednesday that Scholz's chancellery is pushing to approve efforts by Chinese state-owned shipping giant Cosco to buy a foothold in a container port in Hamburg, ignoring warnings from six federal ministries, including the Greens' Vice Chancellor Robert Habeck, amid fears of risky economic over-dependence on Beijing.

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[–] Wirrvogel@feddit.de 31 points 1 year ago* (last edited 1 year ago) (1 children)

ignoring warnings from six federal ministries, including the Greens’ Vice Chancellor Robert Habeck, amid fears of risky economic over-dependence on Beijing.

Reality:

Cosco and HHLA have been working together for more than 40 years. Cosco and HHLA had entered into initial talks about a shareholding in June 2021. Cosco originally wanted to take over 35 percent of the terminal operating company. However, several federal ministries protested against this, so that the cabinet set the quota at below 25 percent in October last year to prevent Cosco from acquiring a blocking minority.

You should not use politico for your primary source of information. In the best case they get it half right, often not even that.

[–] me_ow@feddit.nl 5 points 1 year ago

Thanks for the fact check. Always crazy to see such an (at first glance) respectable medium spread such fake news.

[–] Banik2008@infosec.pub 23 points 1 year ago (3 children)

First they decide to get all their gas exclusively from Russia, which, as it happens, turned out not to be such a great idea. Now they want to sell their biggest port to China.

It seems that Germans just never learn.

[–] Chup@feddit.de 28 points 1 year ago

That is just a big fat lie.

Russia supplied about half the natural gas in 2021 and from 2022 on it went to zero anyways. Why would you make up such crap that everyone can just Google that it's a lie?

[–] barttier@feddit.de 26 points 1 year ago (1 children)

We didn't agree. He is elected and we can't do anything about it. Trust me, most of us aren't happy about that decision. We try to get rid of him in the next election. Selling tax payed public stuff to our disadvantage sadly has tradition in Germany (telephone lines, railroad)

[–] Muetzenman@feddit.de 4 points 1 year ago (1 children)

Railroad is still 100% Bund owned.

[–] barttier@feddit.de 1 points 1 year ago* (last edited 1 year ago)

Yeah, but for profit. Since Die Bahn was changed into an AG it is also mismanaged. This really turned out great.

[–] silvercove@lemdro.id 1 points 1 year ago (2 children)

Germany's biggest mistake in the last 10 years was to follow America in starting conflicts with Russia. Maybe they have learned their lesson and do not want to repeat the same mistake with China.

[–] barttier@feddit.de 1 points 1 year ago

So not selling your stuff is starting a conflict? If this is all it takes I start to understand why russia is so aggressive.

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[–] gencha@feddit.de 16 points 1 year ago

Fuck Axel Springer publications. Why even spread this major source of misinformation here?

[–] geissi@feddit.de 5 points 1 year ago

Any specific reason to post a year old article?
Never mind that politico is agenda driven trash.