February 26, 2018 / 11:13 AM / 4 months ago

Germany's openness should not be exploited: Zypries tells Handelsblatt

BERLIN (Reuters) - Germany must be careful that its economic openness is not exploited as a gateway for other countries’ interests, Economy Minister Brigitte Zypries was quoted as saying on Monday after Chinese automaker Geely’s purchase of a stake in Daimler (DAIGn.DE).

FILE PHOTO: German Minister for Economic Affairs and Energy, Brigitte Zypries speaks during an interview with Reuters in Berlin, Germany June 16, 2017. REUTERS/Stefanie Loos

Zypries told business daily Handelsblatt that she viewed Geely’s move as a corporate decision on which she did not want to comment, adding Germany was an open economy that welcomed investment as long as all parties complied with the rules.

But Zypries also said that Germany’s openness generally should not be used as a gateway for other countries’ “industrial-political interests”.

Reporting by Michael Nienaber; Editing by Maria Sheahan

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