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Unfortunately, these are good insights. It also shows how little it matters who the German Chancellor is. Germany has been ruled by the same ten or twenty families for about a hundred years, and they were happy with a moustache, so a Putin, Orban or Xi is just fine.

Berlin and Beijing's renewed friendship has wider geopolitical implications. As we live in a period of security escalation in the world, the German government should look out of the bubble of corporate lobbies. Note by Csaba Káncz.
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???

It's widely known and teached in schools that the Krupps and Co. had no problem with Hitler.

Today it's very different but I suspect that managers like Brudermüller have a knack for authoritarian systems.

Scholz as the whole ZPD are a bit red so they have sympathies for the dark red too.

The German industry is very different today than it was a 100 years ago.

There is no real plan regarding China a few big corporations invested heavily over there and now see the decline and deterioration of China relations.

As said before totally cutting China ties would lower German GDP which is way over 3 trillions by 36 billions a year.

This illustrates the vast over representation of a few invested.

Also Merkel and others just gifted technology to China instead of going the hard way and looking if those troubled companies could be helped out.

Read up on Kuka Solarworld etc.

I think it was even Scholz who seemed to have no problem wanting Huawei to provide the comm tech for the Bundestag.

They are as lost as the voters who put them there.

A boon for reckless autocrats like China and Russia.
 


Shame on the EU countries but nobody bought AD systems because we are surrounded by "friends".

AD is super vital I also mentioned this year's if not decades ago.

Some EU countries don't even have any decent AD.

I would propose choosing the best systems and then making a fund for all EU countries to sponsor this umbrella.

Germany already did a little step in that direction with Arrow 3 system being shared.
 
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If you can spare the price of a coffee we will be set.

Normal programming now resumes (Y)
 
Business prospects

EU companies are withdrawing money from China - and encountering problems in the process
European companies in the People's Republic are more pessimistic than ever before. Instead of investing, they are increasingly distributing profits in Europe - if they can.

By far the most important reason for this pessimism is slower economic growth. 44% of companies expect their profitability to suffer over the next two years. One important reason for this is falling prices, which 70 percent of companies are feeling in their segment. The low prices are the result of oversupply in many sectors, which has been triggered by government subsidies, among other things.

"Companies are starting to react to this," says Eskelund. They are starting to direct their investments originally planned for China to other countries. Around a quarter of companies have already decided to do so or are considering doing so. The trend is "increasing slightly", said the chamber boss.

He was surprised at how low the proportion of profits from business in China that companies want to invest locally is. Only a third of companies stated that they reinvested ten or more percent of their profits from China. The proportion is falling, although profits are shrinking anyway, explained Eskelund.


Almost 30 percent with difficulties in transferring money to their home country

However, the distribution of profits to the European parent company, the "repatriation", presents companies with unexpected problems. Of the 529 participating companies, 28 percent stated that they had difficulties in distributing dividends.

Translated with DeepL.com (free version)




Article in English

 
Last edited:
Business prospects

EU companies are withdrawing money from China - and encountering problems in the process
European companies in the People's Republic are more pessimistic than ever before. Instead of investing, they are increasingly distributing profits in Europe - if they can.

By far the most important reason for this pessimism is slower economic growth. 44% of companies expect their profitability to suffer over the next two years. One important reason for this is falling prices, which 70 percent of companies are feeling in their segment. The low prices are the result of oversupply in many sectors, which has been triggered by government subsidies, among other things.

"Companies are starting to react to this," says Eskelund. They are starting to direct their investments originally planned for China to other countries. Around a quarter of companies have already decided to do so or are considering doing so. The trend is "increasing slightly", said the chamber boss.

He was surprised at how low the proportion of profits from business in China that companies want to invest locally is. Only a third of companies stated that they reinvested ten or more percent of their profits from China. The proportion is falling, although profits are shrinking anyway, explained Eskelund.


Almost 30 percent with difficulties in transferring money to their home country

However, the distribution of profits to the European parent company, the "repatriation", presents companies with unexpected problems. Of the 529 participating companies, 28 percent stated that they had difficulties in distributing dividends.

Translated with DeepL.com (free version)




Article in English

Wow, (nominal) commies seizing assets.

What
A
Surprise
 
But you still have moles like Brudermüller showelling asset after asset into China.

Now this China mole became elected into the Mercedes Benz supervisory board.

German car makers are against tariffs because they produce in China and sell in the West.

Once a while I go into a BMW dealership and stress a sales guy by demanding a BMW ix3 made in Germany. And if he is serious in selling me a China made Bimmer.

Sure these German car makers have a problem with import taxes. On their Chinese cars.

And if they lose everything over there eventually the citizen whichs jobs was not created over here but in China will pay their losses.

 
The China era BMWs are hideous to look upon. Won’t see me buying one, despite being a fan boi since the early 1980s.
 
I like the current M4 it's just sad that they stepped all in the China market and sold their soul.

I know some BMW employees and the China stuff is always commanded from the top. By idiotic top managers.

This greedy cheapo style is not worthy of a quality car producer.
 
But you still have moles like Brudermüller showelling asset after asset into China.

Now this China mole became elected into the Mercedes Benz supervisory board.

German car makers are against tariffs because they produce in China and sell in the West.

Once a while I go into a BMW dealership and stress a sales guy by demanding a BMW ix3 made in Germany. And if he is serious in selling me a China made Bimmer.

Sure these German car makers have a problem with import taxes. On their Chinese cars.

And if they lose everything over there eventually the citizen whichs jobs was not created over here but in China will pay their losses.

US: tariffs on Chinese electric cars.
EU: we should impose tariffs on Chinese electric cars.
Interview with the French president, he has a vision.
Two main points.
1. a real European common capital market must be created, because that is still to come, and a real unified market in the banking, energy and telecoms sectors, because even that has not been achieved, it is nonsense to have all these small national European companies, and for that we need big mergers. The biggest European bank is worth USD 80 billion, the biggest American bank is worth USD 550 billion. We need much more investment in Europe to make it more competitive.
2. Europe is too open in the sense that it does not impose tariffs on anyone when its major trading partners are protectionist. This must stop, Europe must protect itself and its own manufacturing capacity and impose tariffs on e.g. Chinese chipped cars, which are made with (illegal) state subsidies and therefore distort competition.
Interesting that this interview was published on the day the US is supposed to announce that it will quadruple the tariffs on Chinese electric cars and batteries from 25% to 100% (!) for exactly the same reasons. Surely not a coincidence, especially after the Chinese dictator's European tour. US+EU won't let it, because it can't let China export subsidised cheap goods to get out of the internal mess they have dredged up, ruining US-European manufacturers.
True, the US is throwing it out, the EU is just considering it, with the usual European spin. Meanwhile, unsold Chinese cars are waiting in the ports.
Would you like your car to transmit data to the Chinese Communist Party? Or want the European car manufacturer to close down? There you go.
G
 


Shame on the EU countries but nobody bought AD systems because we are surrounded by "friends".

AD is super vital I also mentioned this year's if not decades ago.

Some EU countries don't even have any decent AD.

I would propose choosing the best systems and then making a fund for all EU countries to sponsor this umbrella.

Germany already did a little step in that direction with Arrow 3 system being shared.
Portugal has absolutely nothing. Zero.
 
Concerning Electric Cars China is gonna take over the European Market. I work in the automotive industry, we supply components for electrics and hibrids and the scenery is totally dark. Customers like VW, Stelantis and BMW are lowering their orders every week bc their cars wont sell. Our expected sales volume for this month dropped 50%...
BYD, Xiaomi and others are taking all over. There are rumors that BYD will put an EC in the market for 12000 € !!! ( average ECs start at 20000-30000€) so Europe cannot compete with those!
 
Concerning Electric Cars China is gonna take over the European Market. I work in the automotive industry, we supply components for electrics and hibrids and the scenery is totally dark. Customers like VW, Stelantis and BMW are lowering their orders every week bc their cars wont sell. Our expected sales volume for this month dropped 50%...
BYD, Xiaomi and others are taking all over. There are rumors that BYD will put an EC in the market for 12000 € !!! ( average ECs start at 20000-30000€) so Europe cannot compete with those!
Heard on the news yesterday (13 May 2024) in Romania that a massive Chinese Car manufacturing factory is to be opened in Hungary, so they can flood the EU with their crap products.
 
Concerning Electric Cars China is gonna take over the European Market. I work in the automotive industry, we supply components for electrics and hibrids and the scenery is totally dark. Customers like VW, Stelantis and BMW are lowering their orders every week bc their cars wont sell. Our expected sales volume for this month dropped 50%...
BYD, Xiaomi and others are taking all over. There are rumors that BYD will put an EC in the market for 12000 € !!! ( average ECs start at 20000-30000€) so Europe cannot compete with those!
I work for a solar technology company. All I can say is that it's Israeli, manufactured in the EU. In half a year about eighty percent of production has stopped, EU warehouses are full a year in advance, hello Chinese dumping. We are now at the point where two production lines are still working in the 120 000 square metre hall. For a few more weeks...
Do you know where the tula took the production line? America. Government subsidies and protective tariffs...
 

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