We Are Not Soft On Russia

Germany said today. “We’re pretty soft on China, though.”

China

When asked why this is, the craven central European country replied “Well duh. We’re just like real pushovers when it comes to Chinese cash, that’s all. Isn’t every exporting powerhouse? We had a trade volume with China of 140.4 billion euros ($193 billion) last year, after all. That makes them our number 3 trading partner! And here you thought we were just dependent upon Russian gas.”

Asked whether China should stand up more assertively against Russia’s actions in Ukraine, Xi said that “China has no private interests” on the matter and added that Beijing always insists on non-interference in other countries’ internal affairs, as well as respecting nations’ territorial integrity.

Chinese And Eastern European Spy Attacks Boring Spiegel Readers To Tears

1) Chinese intelligence agencies have apparently carried out a spy attack on the federal government of Germany. Yawn.

China

2) Some 16 million email addresses and passwords of 600 government employees at every German ministry have been taken in a massive data theft operation. The attack was carried out by eastern European criminals, according to Der Spiegel. Snooze.

When asked for more detailed information, a German government spokesman replied “More detailed information. Of what? Like who cares? It’s not as if these attacks were carried out by the NSA or anything.”

Researchers declined to speculate about the possible origin of the malware, but noted that none of the victims were from China.

PS: As for this year’s Berlinale, hmmm. The Chinese just won the Golden Bear for best film this year, too. Makes you wonder, doesn’t it?

Some long-established film festivals, such as Cannes and Venice, can legitimately claim to be timeless. Berlin, however, seems to be stuck in the past, and not only because the event somewhat coasts on its bygone reputation as a festival of discovery…

The Berlinale’s 64th edition was the most lukewarm in years. You don’t usually expect swoons and scandals here, but you do hope that every year’s competition will bring one major discovery, or at least an unassuming gem that everyone falls in love with. There was one universally adored film in competition – but it doesn’t quite count as a Berlin revelation, as it came straight from wowing Sundance…

Berlin always provides its share of A-list red-carpet promenades – this year, by the likes of George Clooney, Bill Murray and Uma Thurman – yet these never quite disguise the festival’s essential earnestness…

Otherwise, I suspect that Berlin 2014 will be best remembered for its major innovation – the addition of a pop-up line of gourmet food wagons. Festival-goers will turn up undeterred again next year – but many of them will be doing it less for the films than for this Berlinale’s real discovery, the pulled pork baps.

Buy Our Debt, Please

Angela Merkel just finished up another quick and dirty visit to China, this time to calm the Chinese down about the euro zone debt crisis and, well, to grovel for money. Neither aim was achieved just yet. But hey, you’ve got to be really patient with the Chinese, I’m told.

“The trip has a lot of ambitions: one, is to explain the euro zone debt crisis to the Chinese and two, convince the Chinese to keep supporting the euro zone and buying the bonds from some of the euro zone countries such as Italy and Spain and also Germany.”

And just in case you were wondering, no. She did not find the time to express German concern for human rights violations in China during this visit.

As Europe’s crisis persists, China increasingly sees Germany—its largest European trading partner—as a vital player in pulling the continent out of its slump, analysts say. Mr. Wen said his talks with Ms. Merkel Thursday have made him “more confident” in Europe’s ability to resolve the crisis.

German Solar Energy Industry Tanks, German Tanks Don’t

Unable to compete in the global market without the subsidy drug, state-ordained “energy turnaround” or not, Germany’s solar energy industry is getting eaten alive by cheap Chinese imports as we speak, so-to-speak.

“Ah, screw it,” German industrialists elsewhere in the country say to that. “We’ll just keep making a killing producing what we’ve always produced best: War technology. Tanks, Saudi Arabia!”

“But it’s not like we don’t continue to support the Arab Spring or anything,” another tankful German industrialist added ruefully.

German paper says Saudis want 600-800 tanks.

Merkel To Discuss Human Rights While In China

Very, very, discretely, that is. If at all.

After all, what are draconian measures against Chinese civil rights activists, state censorship and unrest in Tibet compared to all those trillions of dollars of Chinese currency reserves just waiting to be invested in debt-ridden euro zone countries like, well, her own? And waiting and waiting and waiting, I might add.

Who says grovelling will get you nowhere? Maybe I did. But at least it’s worth a try.

“Chinese investments are expressly welcome. They will be sought, used and appreciated — both in Germany and in the rest of the euro zone.” 

But We Mentioned Human Rights

You got your values, then you got your interests. Then you have the value of your interests. Then you have the interest you get on the value of those interests.

So, in other words, always look after your own interests if you want good value.

Chinese Premier Wen Jiabao and German Chancellor Angela Merkel also targeted an increase of bilateral trade to 200bn euros ($284bn; £178bn) over the next five years.

Germany is by far China’s biggest trading partner in the European Union.

China and Germany are the two biggest exporters in the world. 

Germany and China vs. the USA

Guess who wins (these days, I mean)? Duh. But it’s only a paritial victory, as Germany tries to spin it (they don’t want to gloat all too much publically).

After China and Germany teamed up and publicly slammed the Federal Reserve’s decision to buy $600 billion in Treasury bonds last week, now they’re shoulder to shoulder at the G20 successfully resisting this EVIL infusion of cash (= dollar devaluation) together too. They are doing this because, well, only China is allowed to devaluate its currency, I guess. And a weak dollar also means a strong euro which would hurt German exports and, well, this isn’t allowed to happen either.

Strange bedfellows aren’t they? Sure. What can/will President Obama do about it? Not much, it seems. But at least everybody over there still really, really likes him. And that’s the main thing.

It’s a mystery, isn’t it? How we got here, I mean? Well, no. I guess it isn’t. But why this happened as it did is all too, uh, deep for me. It’s kind of like this current German hole within a hole conundrum going on.

I mean, don’t like two holes make a non-hole?

“Obama muss klein beigeben”

Export ist Mord

I liked the old China Syndrome better.

In 2007 China overtook Germany as the world’s third-largest national economy. Now it’s taken away Germany’s mantle of the world’s top exporter.

But don’t worry, Germany. You’re certainly not alone out there. Trading partners keep trading places all the time. China’s right on track to become the pass Japan to become the second-largest economy too, for instance. And then after that there’s… Wait a minute. Then there’s…

China hatte Deutschland schon 2007 als drittgrößte Volkswirtschaft eingeholt.