Protectionism auf Deutsch
Aggregated Source: China HearsayI missed this precious item a couple weeks ago:
Germany plans to introduce a law preventing takeovers of strategic industries, in a move directed against sovereign wealth funds orginating in countries such as Abu Dhabi, Saudi Arabia and China. The law also targets hedge funds and state holdings from non-EU countries, such as Russia’s Gazprom. <LINK>
Cool. Following on the heels of the latest U.S. hilarity, the Huawei purchase of some 3Com equity, we have more evidence that sovereign funds may be in for a rough ride. The problem in places like the U.S. is that you get these unholy political alliances between industry, the Far Right folks who are still living through the Cold War, and the Far Left people who do not want any sort of engagement with China (or Russia). The moderates usually win, but those other guys can make a lot of noise.
Not sure how this plays out in Germany, and the last time I followed German domestic politics was in, uh, 1990?
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