Deutschland AG continues to pour billions into China
Never mind the growing geopolitical rift between Beijing and the West
THE IDEA of “political change through trade” has lost its appeal across much of the West as China has grown more, not less, authoritarian under President Xi Jinping. That has not stopped Karl Haeusgen, chairman of Hawe, a maker of hydraulic pumps, from believing in the long-term success of its German version, Wandel durch Handel.
This article appeared in the Business section of the print edition under the headline “Riding high”
Business January 9th 2021
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