EU warned Germany against approving Chinese investment in port – Handelsblatt

The European Commission warned the German government last spring not to approve an investment by China’s Cosco into Hamburg’s port, German daily Handelsblatt reported on Friday, citing sources.
Shipping giant Cosco last year made a bid to take a 35% stake in one of three terminals in Germany’s largest port in the northern city of Hamburg.
Germany’s ruling coalition is divided over whether to approve the investment, government sources say, even as Beijing urges Berlin not to politicize the bid and the port authority warns this could hurt the economy.
According to Handelsblatt, the EU warned that sensitive information about the business could make it into Chinese hands if Germany allowed the investment.