Aug 27, 2018
In the second part (2/5) of the interview with Prof. Doris Fischer, we focused on the transmission of China and the changing growth-model. The Chinese government has realized that the growth-models of the past are not sustainable because they came along with lots of negative side-effects like a demographic issue, enormous population flows into rural areas and dependencies on external factors. The focus was set on green-technology and the key word is innovation.
Alongside the new growth-model and the access of China to the WTO, Chinese companies started to invest abroad, which was hardly possible and not really wanted before. The Western world and especially Germany became confused. “What is the deal behind buying our companies? How dare they?” People in Germany were afraid, that this process was strategically controlled by the Chinese government to buy German knowhow. Looking at the process more into detail, one will see that this is only one part of the story.
Check out #15 Episode of the “WUEconomics – outside the box – Podcast” for more details and insights.