VW chief Herbert Diess criticizes the Chinese course of the German government

Deal VW Chief

“We need more dialogue” – Herbert Diess criticizes the Chinese course of the German government

“The growth in China this year will be around 4.5%”

After two months, Shanghai has largely lifted its strict lockdown. But how long will it be before the economic engine is back in action? “The economy hasn’t been running smoothly for several months,” says Johannes Mayr, chief economist at Eyb & Wallwitz.

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VW chief Herbert Diess warns of a confrontation with China. According to Diess, without the agreements with the country, inflation would continue to rise. If Germany broke away from the People’s Republic, things would seem “completely different” in this country.

V.The boss of W Herbert Diess warns of a reversal of the global economy and a confrontation with China. The basic attitude of the German government towards China worries him, he told the Spiegel on Thursday. “We need more dialogue,” Diess said, “the Chinese leadership can also deal with difficult European positions – but you should talk about it – and you should understand its economic impact”.

The world economy is about to turn around: inflation, energy shortages and rising interest rates around the world are extremely problematic. “Without business with China, inflation would continue to explode,” Diess said.

In Germany, the extent to which our prosperity is co-financed by China is extremely underestimated. If the Federal Republic were to decouple from this, “Germany would look completely different,” according to Diess, there would be far less growth, prosperity and jobs.

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Volkswagen has recently come under heavy criticism because the group operates a plant in Xinjiang together with its Chinese partner SAIC. The region is known for systematic discrimination against the Uyghur Muslim minority.

In May, so-called Xinjiang police files were released, containing thousands of official photos of Uighurs detained in camps and prisons. Due to the plant in Xinjiang, the Federal Ministry of Economy is no longer granting investment guarantees for Volkswagen in China.

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Russian President Vladimir Putin attends a meeting with Chinese President Xi Jinping in Beijing, China on February 4, 2022. Sputnik / Aleksey Druzhinin / Kremlin via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY THIRD PARTIES.

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Diess explains that he can guarantee that there is no forced labor at the plant. He is informed several times a year by the Volkswagen joint venture partner, SAIC. “I’ve always had this position in mind and have sent many of my managers there to make sure everything was fine there,” says Diess. “I still think today that we should stay there because retiring will not benefit anyone.”

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