German vice chancellor cuts investment guarantees for China by US$5.5 billion: Spiegel

📆 2023/06/23 02:51:00
📰 ChannelNewsAsia

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

FRANKFURT: Germany's vice chancellor and economics minister, Robert Habeck, has reduced liability for investments by German companies in China by around €5 billion (US$5.48 billion) since taking office, German news magazine Der Spiegel reported on Thursday (Jun 22). Habeck's officials have four times rej

FRANKFURT: Germany's vice chancellor and economics minister, Robert Habeck, has reduced liability for investments by German companies in China by around €5 billion since taking office, German news magazine Der Spiegel reported on Thursday .

Four extension applications worth €554 million were not permitted and new applications amounting to four billion euros were not accepted for decision. As a result, the number of newly approved applications for state guarantees in China transactions fell to nine last year from 37 in 2013. According to the report, only five permits have been granted this year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

German vice chancellor cuts investment guarantees for China by $5.5 billion -SpiegelFRANKFURT : Germany's vice chancellor and economics minister, Robert Habeck, has reduced liability for investments by German companies in China by around five billion euros ($5.48 billion) since taking office, German news magazine Der Spiegel reported on Thursday.Habeck's officials have four times rejecte
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »