Wolfgang Niedermark, chief executive of the Federation of German Industries (BDI), has warned against naivety and looking the other way when it comes to business with China. Conflicts are obvious at the moment, Niedermark said at an event organized by the employers’ interest group BusinessEurope on Tuesday. China is siding with Russia and a conflict over Taiwan is imminent, the BDI chief warned. Things are also happening in Xinjiang province “that we cannot accept.” “Companies cannot ignore all this,” Niedermark said. Globalization is in a new stage and tends more toward competition and conflict.
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