PN China Blog: BASF chairman met with China's premier

07/24/2010

BASF AG chairman Jurgen Hambrecht, along with other German executives, reiterated concerns and criticism about Chinese policies that they believe put foreign companies at a disadvantage in a meeting with Premier Wen Jiabao.

According to the Wall Street Journal, Hambrecht complained about rules that foreign firms say compel them to transfer valuable intellectual property in order to gain access to the world's largest market.

"That does not exactly correspond to our views of a partnership," said Hambrecht,...
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