Germany Vetoes Sale of MAN's Gas Turbine Firm to China

Berlin has blocked the sale of MAN Energy Solutions’ gas turbine division to a Chinese shipbuilding company.

The transaction with state-owned CSIC Longjiang Guanghan Gas Turbine, which was announced on June 20, prompted the German government to invoke the Foreign Trade and Payments Act, allowing it to prevent sales to non-EU countries.

MAN has not yet issued a public statement regarding the halted sale. Local reports indicate that the Berlin government is concerned about the potential military applications of the turbines.

This development occurs amidst a broader reassessment of Europe’s trade relationships with China, with Chinese electric vehicles, for example, possibly facing new tariffs.