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German Industry Counters EU’s ‘von der Lying’ with Truth

Chairman of the Board of Mercedes Benz Ola Källenius injected some modest sanity into the latest ideological rant of EU Commission President Ursula von der Leyen yesterday. At a Nov. 16 event organized by the CDU/CSU parliamentary group in the Bundestag, von der Leyen pronounced: “The clear goal of the Chinese Communist Party is a systemic change in the international order—with China at the center,” obviously not meaning that as a positive development.)

Källenius countered with a plea for open markets and against higher tariffs for China. He defended Daimler’s economic involvement in China and their promotion of continued close cooperation. Then he flipped her buzzword “de-risking,” employed to mean pulling investments out of China, with the simple point that, for us, de-risking means more investments in China.