The chairman of the EU Chamber of Commerce in China, Jörg Wuttke, sees the decision on the Chinese port participation in Hamburg as strengthening for the German economy. “Products will now be processed more efficiently and in favor of our economy via Hamburg and not via another port,” Wuttke told the Table.Media portal. Wuttke said of the sometimes violent criticism of the entry of the Chinese group Cosco at a container terminal in the port of Hamburg: “Ghosts were painted on the wall.”
Last week, the federal cabinet decided on a so-called partial ban on the originally planned participation. According to this, the Chinese group Cosco can only acquire a share of less than 25 percent in the container terminal – instead of the planned 35 percent. In a protocol statement, the Ministry of Foreign Affairs and other departments had expressed serious concerns about the cabinet’s decision on Chinese entry into the port terminal.
Wuttke said of the forthcoming inaugural visit by Chancellor Olaf Scholz (SPD) to China: “It makes perfect sense and is extremely important. Many things can be discussed much better in private than in a large group.”
The EU Chamber of Commerce in China represents the interests of European companies doing business in China.