Germany has rejected carmaker Volkswagen’s bids for investment guarantees in China over human rights concerns linked to the Chinese Communist Party, a German publication reported on Friday.
The German Economy Ministry has denied “four applications from a company for the extension of investment guarantees,” Der Spiegel reported, citing a spokesperson for economy minister Robert Habeck.
The applications were not for direct investments in factories located in Xinjiang, where the Chinese regime had been accused of targeting the Uyghur ethnic minority, but in other factories that could be linked to business entities operating there.
While the ministry did not disclose the name of the company whose applications were rejected, the report states that it pertained to Volkswagen, which claimed to have made such applications before….