
New Books in Economics Andreas Fulda, "Germany and China: How Entanglement Undermines Freedom, Prosperity and Security" (Bloombury, 2024)
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Jun 22, 2024 Andreas Fulda, Associate Professor and author of 'Germany and China: How Entanglement Undermines Freedom, Prosperity and Security,' discusses Germany's dependencies on China in economics, technology, politics, and academia. They delve into blind spots in policy making, implications for national security and sovereignty, and warn about the entanglements as a cautionary tale for democratic states.
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Encroachment on Sovereignty
- Germany's fear of Chinese retaliation led to low tariffs on solar panels, damaging the industry.
- Similar patterns emerged with KUKA's takeover and Huawei's 5G inclusion, limiting German sovereignty.
Conglomerates' Dependence
- German conglomerates, seen as "too big to fail," may expect government bailouts in a crisis.
- This discourages them from diversifying and reducing their reliance on the Chinese market.
Germany's Complicity
- Germany's strategic blindness allowed the CCP to exploit vulnerabilities and gain leverage.
- This complicity in its own predicament makes pushing back against CCP influence difficult.
