FRANKFURT : German technology group Merck KGaA said it was determined to invest further in China and aims to build domestic supply chains there to curb imports of key raw materials amid rising tensions between Beijing and Western powers.
"At the same time we are creating a China-for-China approach, so that also the vast majority of products we are going to produce in China is actually supposed to be for the Chinese market," he added. A political row erupted over plans by China's Cosco to buy a minority stake in a container terminal of Hamburg's port, but the transaction was eventually cleared by Berlin late on Wednesday.
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