Title A Chinese-German school project gone derailed / Xinhua Wittmann, Yuan Qin

Published London : University of Zurich, 2022

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Description 1 online resource : illustrations Series SAGE business cases SAGE business cases Summary Beginning in 2018, a seemingly innocuous Chinese-German joint investment venture aiming to turn an historic castle in southwestern Germany into a private international boarding school eventually led to a rash of opposition from the local community. Opponents of the project came to question the political agenda of the two Chinese investors involved in the project and called on residents to boycott the plan because "German heritage should not be sold to the Chinese." They also urged the government to buy the castle itself and use it for socially beneficial causes. On the other hand, supporters argued the financial benefits of the project and said the school would represent the ideals of diversity, openness, and preservation. The controversy over the project eventually led to a referendum in February of 2020. However, despite the project getting approved after winning a slight majority in the referendum, the chances of the plan going into effect still remain rather low due to the impact of the pandemic and the continued public opposition. Dr. Christian Hodeige, the German investor involved in the project to build the school, became despondent over the fate of the project, and the question arose for him: Should he exit the project completely, or simply pause it to perhaps resume again when the situation improves? This case focuses on the impact of a macro environment on business decisions. It also allows students to learn to anticipate risks and make strategic decisions under complex circumstances Notes Description based on XML content Subject Investments, Chinese -- Europe International economic relations Investments, Chinese SUBJECT China -- Foreign economic relations -- Germany Germany -- Foreign economic relations -- China Subject China Europe Germany Form Electronic book Author Qin, Yuan, active 2022, author ISBN 9781529620726 1529620724

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