Wuttke interview part 2 + Upheaval in the passenger car industry

Joerg Wuttke certainly no longer needs any introduction in China circles. Thanks to his 35 years in China, the president of the EU Chamber of Commerce has fascinating insights into China’s economy and policies. In the second part of Finn Mayer-Kuckuk and Felix Lee’s interview with Wuttke, he takes a rather optimistic view of the future.

While Xi Jinping exclusively appointed loyal yes-men, European companies will continue to be heard, says Wuttke. Regarding the likely new Premier Li Qiang, Wuttke notes, “As Shanghai’s party secretary, he knows where business tax revenue comes from, and foreigners are very far out in front.”

For the European Supply Chain Act, Wuttke recommends an offensive approach: “If there is no human rights problem – where is the problem in proving that there is no problem?” Wuttke even goes so far as to suggest that it would be appropriate for companies to leave China should Beijing refuse to allow independent audits of supply chains.

If you missed the first part of the interview, you can find it here.

In our second analysis, Christian Domke-Seidel looks at the Chinese automotive market. Because the sector is not only of crucial importance to Germany. In mainland China, one in six jobs is directly dependent on the automotive industry. And the prosperity of individual regions stands and falls with it. This makes the news that sales are once again booming all the more encouraging for employees. But not for everyone. Our author sees the end of the combustion engine approaching.

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Michael Radunski