China's Ministry of Commerce Expresses Hope That Germany Treats All Foreign Investors Equally
Yicai Global
/SOURCE : Yicai
China's Ministry of Commerce Expresses Hope That Germany Treats All Foreign Investors Equally

(Yicai Global) Nov. 3 -- Germany's Federal Ministry for Economic Affairs and Energy has revoked its approval on Chinese investors purchasing Aixtron SE, a chip equipment manufacturer and restarted their investigation into national security concerns.

Aixtron said that Berlin had withdrawn a certificate stating it would not oppose the company's sale to China.

In response to this, Shen Danyang, spokesperson of China's ministry of commerce said she hopes the double-security investigation is just a special case and does not mean that Germany will change its economic policy. Moreover, information transparency, clear standards, and equal treatment for all investors will be welcome.

In May 2016, Fujian Hongxin Fund, an investment fund of the Chinese electronic industry and Aixtron SE reached an acquisition agreement with the total price of EUR670 million (USD744 million). Germany's Federal Ministry for Economic Affairs and Energy had approved the acquisition plan in September, but then withdrew it in October due to security concerns.

This was reportedly after American intelligence services paid them a visit and demonstrated that Aixtron's chip and semiconductor technologies could easily be converted for military use.

"Although China's investment in Germany is growing rapidly, the total volume is still small. On this occasion, it is unnecessary for some German government officials and people to worry that the investment and acquisition by Chinese enterprises would transfer the technology and jobs of Germany", Shen Danyang said, at a routine press conference held Nov. 2.

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