NYTimes: As US tries to isolate China, most countries, including in the EU, move closer
& et al
The NYT photo describes the staging lot of the Shanghai Automotive Industrial Corporation-Volkswagen joint venture in Shanghai. The Times notes that Volkswagen has more than 40 plants in China. Other European corporations, Japan and South Korea also have joint ventures with Chinese firms. (TGP Screenshot)
This is basically a world trend towards China. Only a handful of brainless imperialistic nations followed the American establishment.
Reporting from Berlin
As Washington seeks to throttle economic ties with Beijing, two powerful engines of the German economy, Volkswagen and the chemical company BASF, are broadening their huge Chinese investments.
Volkswagen, which has more than 40 plants in China, announced a new effort to tailor models to Chinese customers’ wishes, with features like in-dash karaoke machines, and will invest billions in local partnerships and production sites. It’s part of a theme unveiled by the German automaker last year: “In China for China.”
BASF, with 30 production facilities in China, is pushing ahead with plans to spend 10 billion euros ($10.9 billion) on a new chemical production complex that would rival in size its massive headquarters complex in Ludwigshafen, which covers about four square miles.
Throughout Germany, executives are aware such investments run contrary to efforts by the United States to isolate China economically. They counter that revenue from China is essential for their businesses to thrive and grow in Europe.…
READ THE REST HERE: https://www.nytimes.com/2023/04/12/world/europe/germany-china-trade.html
BUT, we ask: What's China's equivalent of a Nord Stream pipeline? They better be ready. Also, in the face of such defiance, won't the US try to discipline its vassals?
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