Stefan Sack: 'Change through trade' was a successful strategy for China
For years, economic cooperation with China was motivated by the idea of "change through trade". The noble hope behind it: The People's Republic would open up by integrating deeper into the international community and increasingly adapt democratic elements in its political system. The former Vice President of the European Chamber of Commerce in Shanghai, Stefan Sack, draws a sobering conclusion. "Change through trade" has worked out, he says, but not at all in the way Germany and Europe had hoped. Instead, we are the ones who have adapted our behavior to Chinese preferences due to the "dependencies of our supply chains and the greed for new growth markets.
By Marcel Grzanna
