The chief executive of Deutsche Bank’s asset management arm has urged European policymakers to adopt a more pragmatic stance towards investments from China and the Gulf, as Berlin prepares to spend hundreds of billions overhauling its creaking infrastructure.
“Just as Donald Trump and his entourage travelled to Doha, Abu Dhabi and Riyadh to raise trillions for America — would German or European leaders do the same?” DWS chief executive Stefan Hoops told the Financial Times.
“There’s no need to beg, but also no reason to dismiss the idea of strategic deals in the region.”
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