Reported about 1 year ago
Following the recommendation of the German Ministry of Economic Affairs, the German federal cabinet has invoked the Foreign Economic Act to block the sale of MAN Energy Solutions to Chinese investors amidst fears that the acquired gas turbine technology might be used for military purposes. German officials believe the Chinese investors' close ties to the Chinese military could jeopardize public security. This move signifies the latest instance of Germany using legal tools to mitigate risks in trade with China, indicating a focus on protecting public security and order in technological transactions.
Source: YAHOO