Volkswagen CEO: Without Chinese Business German Inflation will be More Serious

Herbert Diess, chief executive of Chinese automaker Volkswagen AG, stressed the importance of the Chinese market to the German economy. In an interview with Newsweek magazine Spiegel, he argued that in Germany, “China’s contribution to German prosperity is grossly underestimated.” He noted that Germany’s situation “would look completely different” if it decoupled from China. , economic growth, prosperity, and jobs will all suffer. In the interview published by Der Spiegel on June 30, Diess said: “Without doing business with China, inflation will increase further. So we need more dialogue.”

German companies such as Volkswagen that set up factories in Xinjiang have been criticized since the Chinese authorities were accused of setting up “re-education camps” in Xinjiang and conducting forced labor in the name of promoting employment. According to “Der Spiegel”, the German federal government has refused to provide guarantees for Fox’s new investment projects in China.
A survey conducted by Berlin-based pollster Civey, commissioned by Germany’s China-focused online media China Table, showed that 67 percent of respondents supported Flowserve’s closure of its Xinjiang plant.

“In the factory in Urumqi, there are no signs of coercion of workers,” Manfred Doss, chief legal expert at FOSS, was quoted by Neue Zürich Zeitung. In an interview with the newspaper, Doss said: “Before the Covid-19 crisis , the factory in Urumqi has 600 employees, of which nearly 30% are from ethnic minorities such as Uyghurs. In the context of the crisis, the number of factory employees has decreased, and we do not know that there are employees working there under coercion. At the same time, their religion is also Be respected. Of course they can pray in the factory and respect their eating habits.”

German companies such as Volkswagen that set up factories in Xinjiang have been criticized since the Chinese authorities were accused of setting up “re-education camps” in Xinjiang and conducting forced labor in the name of promoting employment. According to “Der Spiegel”, the German federal government has refused to provide guarantees for Fox’s new investment projects in China.
A survey conducted by Berlin-based pollster Civey, commissioned by Germany’s China-focused online media China Table, showed that 67 percent of respondents supported Flowserve’s closure of its Xinjiang plant.

“In the factory in Urumqi, there are no signs of coercion of workers,” Manfred Doss, chief legal expert at FOSS, was quoted by Neue Zürich Zeitung. In an interview with the newspaper, Doss said: “Before the Covid-19 crisis , the factory in Urumqi has 600 employees, of which nearly 30% are from ethnic minorities such as Uyghurs. In the context of the crisis, the number of factory employees has decreased, and we do not know that there are employees working there under coercion. At the same time, their religion is also Be respected. Of course they can pray in the factory and respect their eating habits.”

Volkswagen CEO: Without Chinese business, German inflation will be more serious, and there is no forced labor in Xinjiang factories

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Volkswagen CEO: Without Chinese Business German Inflation will be More Serious - /10

Summary

Herbert Diess, chief executive of Chinese automaker Volkswagen AG, stressed the importance of the Chinese market to the German economy. In an interview with Newsweek magazine Spiegel, he argued that in Germany, "China's contribution to German prosperity is grossly underestimated.

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