German companies have complained over state-owned Chinese rivals landing an increasing number of contracts in eastern Europe and central Asia through “price-dumping, aggressive financing and generous risk-guarantees” from Beijing.
In a paper seen by the Financial Times, German industry’s Committee on Eastern European Economic Relations warns that China seems driven by geopolitical rather than economic goals, with potentially dire consequences for the European Union.
The committee, which represents five industry associations and 140 top companies, called on Berlin to lobby Beijing and European countries to ensure China does not help its exporters more than other nations.
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