German Industry Group Criticizes China Over New Sanctions Law

German Industry Group Criticizes China Over New Sanctions Law
A student holds flags of China and Germany before a welcome ceremony hosted by Chinese leader Xi Jinping for German President Frank-Walter Steinmeier at the Great Hall of the People in Beijing, China, on Dec. 10, 2018. Jason Lee/Reuters
Reuters
Updated:

BERLIN—Germany’s powerful BDI industry association criticized China on Tuesday for passing the Anti-Foreign Sanctions Laws, which it said sent a worrying signal to investors and companies abroad.

China is one of the most important export markets for German companies outside the European Union’s single market, but concerns over human rights abuses and a crackdown in Hong Kong are putting a strain on political as well as economic ties.