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Germany wants tighter foreign investment controls amid China 'de-risking'

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BERLIN : German Economy Minister Robert Habeck wants to tighten the process for reviewing foreign investments with a new law that would aim to enhance economic security, according to a ministry document seen by Reuters on Sunday.The effort comes as Berlin urges companies to reduce their reliance on China

BERLIN : German Economy Minister Robert Habeck wants to tighten the process for reviewing foreign investments with a new law that would aim to enhance economic security, according to a ministry document seen by Reuters on Sunday.

It also reflects a broader push in the West to reduce strategic dependence on China - which policymakers have labelled"de-risking" - amid concerns about increasing Chinese expansiveness in the Indo-Pacific region and about broader possible supply chain disruptions. "Investment reviews have gained enormously in importance in Germany, Europe and internationally in recent years," the document said.

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