epa05615228 German Minister for Economic Affairs and Energy Sigmar Gabriel speaks during the German-Chinese economic conference in Chengdu, China, 03 November 2016. Sigmar Gabriel and his delegation are on an official visit to China and Hong Kong until 05 November 2016. EPA/BERND VON JUTRCZENKA

HAMBURG, Germany — In the conflict between Beijing, Berlin and Brussels over skyrocketing investment by Chinese firms in European high-tech industries, China has a major advantage: It has a plan.
Germany doesn’t. Neither does the European Union.
While trade experts warn that a recent spending spree by Chinese companies — many of them supported by the Chinese government — will harm the competitiveness of European business in the long-term, Berlin and Brussels are struggling to come up with a political response.
“As we don’t have EU-owned companies we cannot [behave] the same [as China],” European Commission Vice President Jyrki Katainen told POLITICO.
It doesn’t make things easier that European businesses have little incentive to put a stop to the billions flowing out of China, which provide them with capital in the short term and help them secure access to the growing Chinese market.
“To have a major Chinese shareholder is a huge benefit in opening doors,” Gordon Riske, CEO of Germany-based Kion, parts …
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