China, the world's powerful country, may say that its policies are not expansionary, but in reality, it is not. Chinese businessmen are in the process of acquiring several German companies. With this, Germany has to make new laws to save the big companies of its country from going into Chinese hands.

People came out to streets for protesting before United Nations Climate Summit

German Finance Minister Peter Altmaier has announced the formation of a standing committee under the new system of government intervention in time, which will work with government banks. This committee will take prompt action to protect German companies from acquisition if necessary. Launching the final form of the strategy, the Minister said that the aim is also to save Germany's manufacturing sector from harm. In his statement, the Finance Minister said that this arrangement has been made so that necessary decisions can be taken as quickly and effectively as possible. It has not yet been revealed that the government committee will take steps to save which companies.

Hong Kong's student movement gets support from elders, will not end the movement till they get rights

A new Standing Committee to avoid China will come into action when there is no other option to save a German company making security-related technologies from the acquisition. The government will buy a temporary stake in the company and this work will be done by the Government Development Bank, KFW. The Standing Committee will work with the Development Bank, but with its help, the government will not take a stake in the companies. The European Union (EU) is also rethinking its industrial policy with China and with the same caution in mind about Chinese investment in German companies Efforts are being made to exercise. In 2016, the Chinese media company acquired Kuka, a Bavarian industrial robot company. Since then, German politicians have become very aware of such deals.

ISIS claims responsibility for London Bridge attack, Attacker belongs to Pakistan