Home » today » Business » German loans for China

German loans for China

It is mainly thanks to the cover-up policies of China and the WHO that the corona virus was able to spread from China to the whole world. As already known, the virus apparently appeared in Wuhan in November – but its existence was kept secret by China and the WHO until the end of January. President Trump reacted the fastest – he already banned flights from China to the USA at the end of January, while Chancellor Angela Merkel only reacted in mid-March – after all EU states around Germany had already closed the borders.

Merkel’s penchant for China and doing business with China is now known. And although China is becoming dangerous for other economic powers and Germany’s economy, Chancellor Angela Merkel continues to send “development aid” to the Red Reich. In October 2019 the “FAZ” wrote that China was one of the main recipients of German “development aid”. In 2017 alone, China received $ 710 million from German tax money. Merkel was still in China and Wuhan in September 2019 and apparently negotiated a few deals there – among other things, she put in a “good word” for Wirecard, the company that was exposed a few months ago for massive fraud. And it looks like the government is involved. We reported.

But not only German tax money flows into China. Promotional loans from the Reconstruction Loan Corporation (KfW) make up a large part of “development aid”. Despite the fatal cover-up of the coronavirus outbreak, the crackdown on the democracy movement in Hong Kong and China’s threats of war against Taiwan, more than 40 vocational training programs financed by Germany with KfW loans are still running in the state under total surveillance ruled by the Communist Party.

The total volume of the loans is over 500 million euros. Nothing has changed recently – despite the Corona crisis. The red giant is financed in the areas of automotive technology, pharmaceuticals or the manufacture of motor vehicles and vehicle parts – in other words, in areas in which China is already threatening to overtake Germany or has already defeated Germany. This is not the only reason why the communist state under total surveillance has come through the Corona crisis so well so far.

In contrast to the German economy, which is currently being destroyed by the measures of the federal government, China’s economy is expected to grow by almost two percent again this year – the German economy has slumped by 6.6 percent. While Chinese exports are increasing, German exports continue to collapse. The Germans are grappling with the consequences of the corona restrictions, but China is on a growth path and is also being financially supported by Germany.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.