Germany’s Faustian entanglement with China
Back in November, German Chancellor Olaf Scholz met with Chinese Communist Party (CCP) chairman Xi Jinping. His visit to China was the first by a G7 leader in three years. Facing heated domestic and international pushback, Scholz framed his visit as an effort to “further develop” economic cooperation between Berlin and Beijing. In this context, such “further development” means further cementing Germany’s Faustian bargain with China, one in which European-based players, like Airbus and Volkswagen, claim immediate revenue — but at their long-term expense and at great strategic cost.
