Germany rebuffs China on magnetic train technology – Bertrand Benoit and Geoff Dyer

From the Financial Times:

Berlin has rejected Chinese demands that it provide state funding and access to sensitive technology in exchange for the right to build a $4.3bn magnetic levitation train link between Shanghai and Hangzhou.

Germany’s tough stance on funding and intellectual property transfers for the project comes a week after Angela Merkel, the German chancellor, scolded the Chinese government for not doing enough to protect foreign companies’ intellectual property.

Berlin officials told the FT they had refused to bow to Chinese pressure to strike an agreement on the maglev track ahead of Ms Merkel’s maiden visit to the country as chancellor last month.[Full Text]


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