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Published 2 years ago

Germany scraps Xinjiang investment guarantees amid rights concerns

Summary by Ground News

German government stops all investment guarantees for companies in China's Xinjiang region. The move is due to the deteriorating human rights situation in the region. It comes amid reports that Volkswagen has failed to secure backing for extra investment in Xinjiang. Volkswagen runs a plant employing 600 in the area and has links to other German companies.

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Habeck denies guarantee for investment in Xinjiang

The reports of the mistreatment of Uyghurs in China have consequences for German companies. According to Minister Habeck, a company operating in Xinjiang has been denied investment guarantees - according to “Spiegel”, it is VW. As a result, the government would not bear any financial risks.

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Politico Europe

Germany scraps Xinjiang investment guarantees amid rights concerns

Decision includes the extension of existing guarantees, Economy Ministry says.

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