BDI

All news and posts of our editorial team on the topic

‘There shouldn’t be a Lex China, but a Lex Germany’
The President of the Federation of German Industries, Siegfried Russwurm, pleads for more risk awareness when dealing with China. continue reading →
Study sees hardly any dependencies
Politicians and businesses are currently intensely discussing how to reduce economic dependence on China. A new study has come to the surprising conclusion: This dependence is not as high as believed. continue reading →
Supply chain law: BDI calls EU Parliament ‘out of touch with reality’
The Federation of German Industries (BDI) accused the European Parliament of a lack of practical relevance in the drafting process of the EU-wide supply chain law. “The EU Parliament seems to lack a sense of proportion for the competitiveness of European companies in the crisis,” BDI President Siegfried Russwurm said on Thursday. The scope across […] continue reading →
Germany wants to reduce dependence on China
The German industry wants to reduce its dependence on business with China. “Asia is much bigger than China,” Siegfried Russwurm, President of the Federation of German Industries (BDI), said in Berlin on Tuesday. “The order of the day is to open up other markets as well.” The People’s Republic is important for the German economy. […] continue reading →
Communicative backfires by German CEOs
Dealing verbally with the People's Republic of China is a tightrope act, especially for large German corporations. They are not particularly adept at it, says political scientist Thorsten Benner. The most recent example is Siemens CEO Roland Busch, whose statements about forced labor in Xinjiang are now exploding in his face. Especially since they are not entirely sincere. continue reading →
Continental: Pressure on German government grows
German business representatives are taking an increasingly critical stance in the trade conflict between Lithuania and China, thus also increasing the pressure on Berlin. The Federation of German Industries (BDI) is now accusing Beijing of scoring a “disastrous own goal”. “China’s latest measures against Lithuania are having the effect of a trade boycott with repercussions […] continue reading →
‘Global Gateway’ – Brussels answer to the Silk Road
The presentation of the infrastructure initiative was postponed several times. Behind the scenes, funds were mobilized. But now Brussels is putting a hefty €300 billion on the table for the "Global Gateway". The plan is to globally invest in digitalization, green technologies and transport links. continue reading →
BDI calls for “red line” in dealing with China
The German industry wants a red line for dealing with China and its economic policy. “Anyone who wants to continue to benefit from free access to our market must adhere to basic rules and also open up their own market,” Siegfried Russwurm, president of the industry association BDI, told German news agency Deutsche Presse-Agentur. He […] continue reading →
Anti-foreign sanctions law: with us or against us
The new law against punitive measures puts foreign companies in a quandary. They face drastic consequences in the second-largest economy if they comply with possible sanctions. To eliminate the risks in the long term, they would have to create completely independent value chains. That is economically risky. Yet the worst-case scenario also offers opportunities. continue reading →