Some CEOs of multinational corporations, and in particular the automotive sector, try to preempt the formulation of a new, realistic China policy according to the plans outlined in the coalition agreement of the GER government. They do this by pushing strawmen "arguments" ...
https://twitter.com/noahbarkin/status/1566656764032024578
... and falsehoods. Nobody says we should decouple from China. But reducing dependencies does not amount to decoupling. And it is not impossible. It is necessary, because the PRC in the medium and long term doesn't pursue a strategy of partnering with international investors. ...
... Go back to the "Made in China 2025" strategy and read carefully. Then look at what happened to Nokia and Eriksson in the Chinese market; what happened to Siemens, Alstom, Bombardier in the Chinese rail market. If we don't watch out, automotive will be next. ...
... Instead of trying to pursue an approach dictated by shorts termism, which they would do at their own peril, automotive OEMs should learn from many SMEs which have a much more realistic and critical view of where China is heading economically. ...
... There once was a time when people used to say: "What is good for General Motors, is good for the U.S." Gone. What is good in the eyes of a German automotive multinational CEO isn't good for GER either. Resilience and national security must be a part of economic policy. #Learn
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