What started as a trifle about a Baltic state, is turning into a full-blown trade conflict between Germany and China. The automotive supplier Continental and at least one other German company will soon no longer be allowed to export parts to China that contain primary products from Lithuania. China.Table obtained this information from industry circles. Even if the players are trying to appear calm on the surface, both economy and politics are frantically scrambling behind the scenes to find an adequate reaction. After all, this is the first time that Beijing has dragged the German automotive industry so directly into a trade dispute. The conflict was triggered by the founding of a Taiwan office in Vilnius (China.Table reported).
Continue reading now
Get 30 days of free access to the Professional Briefing to read these and more quality news every day.
Are you already a guest at the China.Table? Log in now