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Europe wants to control Chinese acquisitions


Brussels strengthens the supervision of foreign investments. Even if it means going through fines.

No third country is explicitly mentioned or singled out in the proposal that Brussels put on the table on Wednesday.

But it is indeed for Europe to protect its companies and its markets from Chinese appetites.

“We are an open continent and we will remain so.

But we will do it on our terms, ”

warned Industry Commissioner Thierry Breton.

"Openness rhymes with fairness,"

warned Commission President Ursula von der Leyen.

Read also:

Europe pauses its investment agreement with China

While the Covid crisis will weaken many European companies, there is no question for the EU to let it go as when the port of Piraeus, the German robot manufacturer Kuka or the Swedish Volvo went under the Chinese flag.

How does the Commission plan to go about monitoring these foreign investments in the EU, the stock of which reached € 7 trillion in 2019?

Foreign companies - and European companies benefiting from subsidies paid by third countries -

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Source: lefigaro

All business articles on 2021-05-06

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